Advance Capital Management Inc. Has $1.67 Million Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Advance Capital Management Inc. cut its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 30.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,075 shares of the exchange traded fund’s stock after selling 7,873 shares during the quarter. Advance Capital Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,671,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IEF. PSI Advisors LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 20.0% in the 3rd quarter. PSI Advisors LLC now owns 653 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 109 shares during the last quarter. J. W. Coons Advisors LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 1.0% during the third quarter. J. W. Coons Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock valued at $1,299,000 after buying an additional 135 shares in the last quarter. Drive Wealth Management LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% in the third quarter. Drive Wealth Management LLC now owns 4,924 shares of the exchange traded fund’s stock worth $483,000 after buying an additional 144 shares during the last quarter. SignalPoint Asset Management LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 0.9% during the 3rd quarter. SignalPoint Asset Management LLC now owns 15,562 shares of the exchange traded fund’s stock worth $1,531,000 after acquiring an additional 146 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 45.1% in the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 153 shares during the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF traded down $0.09 during midday trading on Monday, reaching $92.26. The stock had a trading volume of 3,874,362 shares, compared to its average volume of 3,772,302. The stock has a market capitalization of $31.34 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18. The firm’s fifty day simple moving average is $93.72 and its 200-day simple moving average is $95.40.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.