iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) is Twele Capital Management Inc.’s 4th Largest Position

Twele Capital Management Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.7% during the 4th quarter, Holdings Channel reports. The firm owned 435,501 shares of the exchange traded fund’s stock after buying an additional 23,605 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises 8.5% of Twele Capital Management Inc.’s portfolio, making the stock its 4th largest holding. Twele Capital Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $40,262,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CWM LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 109.5% in the third quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock worth $13,274,000 after acquiring an additional 70,696 shares during the period. Lake Hills Wealth Management LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 27.6% in the third quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock valued at $6,753,000 after purchasing an additional 14,906 shares during the last quarter. Axxcess Wealth Management LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 62.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock worth $1,913,000 after purchasing an additional 7,508 shares during the period. Stablepoint Partners LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 34.3% during the 3rd quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock valued at $2,275,000 after buying an additional 5,916 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $35,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Up 1.1 %

Shares of IEF opened at $92.16 on Thursday. The stock’s 50-day moving average price is $93.33 and its 200-day moving average price is $95.27. The company has a market capitalization of $31.23 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.3075 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 4.00%.

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.