Ballast Advisors LLC Has $136,000 Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

Ballast Advisors LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 87.4% during the 2nd quarter, Holdings Channel reports. The firm owned 1,424 shares of the exchange traded fund’s stock after buying an additional 664 shares during the period. Ballast Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $136,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IEF. Bison Wealth LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% during the 4th quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock worth $19,602,000 after purchasing an additional 113,663 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 37.2% during the 1st quarter. Golden State Wealth Management LLC now owns 2,691 shares of the exchange traded fund’s stock worth $257,000 after acquiring an additional 729 shares during the last quarter. Pure Financial Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth approximately $214,000. Sequoia Financial Advisors LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 95.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,982 shares of the exchange traded fund’s stock worth $666,000 after acquiring an additional 3,401 shares during the last quarter. Finally, Western Wealth Management LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.5% during the 1st quarter. Western Wealth Management LLC now owns 4,084 shares of the exchange traded fund’s stock worth $389,000 after acquiring an additional 174 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.1%

IEF stock opened at $97.49 on Friday. The firm has a market capitalization of $40.13 billion, a PE ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $97.77. The business’s 50 day simple moving average is $96.56 and its 200 day simple moving average is $95.29.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.2945 per share. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 3.6%.

iShares 7-10 Year Treasury Bond ETF Profile

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S.