HighTower Advisors LLC Increases Position in iShares 7-10 Year Treasury Bond ETF $IEF

HighTower Advisors LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 39.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 743,484 shares of the exchange traded fund’s stock after acquiring an additional 209,189 shares during the period. HighTower Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $70,311,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Windsor Advisory Group LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth approximately $27,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $29,000. Compass Financial Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth approximately $29,000. Finally, Strive Financial Group LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 483.0% during the second quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 256 shares in the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF opened at $92.25 on Tuesday. The stock’s fifty day moving average is $93.22 and its two-hundred day moving average is $94.47. The firm has a market capitalization of $46.81 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.04 and a fifty-two week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.332 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 1st.

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.