Keel Point LLC Purchases 54,277 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Keel Point LLC grew its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 26.7% during the fourth quarter, HoldingsChannel reports. The firm owned 257,369 shares of the exchange traded fund’s stock after buying an additional 54,277 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises approximately 1.5% of Keel Point LLC’s holdings, making the stock its 14th biggest position. Keel Point LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $24,749,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Elevated Capital Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $25,000. Balentine LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Asset Dedication LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Finally, Capital Investment Counsel Inc bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $31,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.7%

NASDAQ:IEF opened at $94.34 on Friday. The company’s 50 day moving average is $94.67 and its 200-day moving average is $95.75. The firm has a market cap of $48.12 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.94 and a 12 month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.3172 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%.

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.