Lake Hills Wealth Management LLC Makes New Investment in iShares 7-10 Year Treasury Bond ETF $IEF

Lake Hills Wealth Management LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 20,565 shares of the exchange traded fund’s stock, valued at approximately $1,978,000. iShares 7-10 Year Treasury Bond ETF makes up 1.0% of Lake Hills Wealth Management LLC’s portfolio, making the stock its 20th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sagespring Wealth Partners LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 2.3% during the 4th quarter. Sagespring Wealth Partners LLC now owns 43,643 shares of the exchange traded fund’s stock worth $4,197,000 after buying an additional 999 shares in the last quarter. AAFMAA Wealth Management & Trust LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $18,139,000. Ransom Advisory Ltd acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $529,000. Beacon Wealthcare LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 3.7% during the fourth quarter. Beacon Wealthcare LLC now owns 405,478 shares of the exchange traded fund’s stock worth $38,991,000 after acquiring an additional 14,578 shares in the last quarter. Finally, Canal Capital Management LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 7.2% during the fourth quarter. Canal Capital Management LLC now owns 41,026 shares of the exchange traded fund’s stock worth $3,945,000 after acquiring an additional 2,745 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.9%

NASDAQ:IEF opened at $94.88 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.79 and a 12 month high of $98.04. The stock has a market capitalization of $46.34 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The firm has a fifty day simple moving average of $96.36 and a two-hundred day simple moving average of $96.58.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.2828 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.