Pinnacle Wealth Management Advisory Group LLC Grows Position in iShares 7-10 Year Treasury Bond ETF $IEF

Pinnacle Wealth Management Advisory Group LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 71,809 shares of the exchange traded fund’s stock after purchasing an additional 4,018 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,877,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in iShares 7-10 Year Treasury Bond ETF by 5.0% during the 1st quarter. JPMorgan Chase & Co. now owns 28,076,649 shares of the exchange traded fund’s stock valued at $2,677,872,000 after acquiring an additional 1,333,142 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,444,874 shares of the exchange traded fund’s stock worth $1,191,825,000 after purchasing an additional 46,734 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.5% during the 1st quarter. Raymond James Financial Inc. now owns 8,125,441 shares of the exchange traded fund’s stock worth $774,923,000 after purchasing an additional 278,079 shares during the last quarter. Blue Trust Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 6.2% in the second quarter. Blue Trust Inc. now owns 5,592,724 shares of the exchange traded fund’s stock valued at $535,615,000 after purchasing an additional 326,335 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 2.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,617,408 shares of the exchange traded fund’s stock valued at $440,362,000 after purchasing an additional 128,076 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $96.69 on Friday. The business’s 50 day moving average price is $96.79 and its 200 day moving average price is $95.47. The company has a market cap of $40.33 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were given a dividend of $0.3038 per share. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

iShares 7-10 Year Treasury Bond ETF Company 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.