United Advisor Group LLC Acquires New Position in iShares 7-10 Year Treasury Bond ETF $IEF

United Advisor Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,357 shares of the exchange traded fund’s stock, valued at approximately $1,477,000.

A number of other large investors also recently modified their holdings of the company. CWM LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 14.8% during the 4th quarter. CWM LLC now owns 171,273 shares of the exchange traded fund’s stock valued at $16,470,000 after buying an additional 22,098 shares in the last quarter. Northwest Financial Advisors bought a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $293,000. Roman Butler Fullerton & Co. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $857,000. PFG Investments LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 3.7% in the fourth quarter. PFG Investments LLC now owns 12,242 shares of the exchange traded fund’s stock valued at $1,177,000 after purchasing an additional 432 shares during the last quarter. Finally, XY Planning Network Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $659,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $95.58 on Thursday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $93.03 and a fifty-two week high of $98.04. The stock has a 50 day moving average price of $96.11 and a two-hundred day moving average price of $96.40. The company has a market capitalization of $49.51 billion, a P/E ratio of -22.00 and a beta of 0.28.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were given a $0.3172 dividend. The ex-dividend date was Wednesday, April 1st. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.28. This represents a c) annualized dividend and a yield of 4.0%.

About iShares 7-10 Year Treasury Bond ETF

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.