TRU Independence Asset Management 2 LLC Raises Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

TRU Independence Asset Management 2 LLC boosted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 34,437 shares of the exchange traded fund’s stock after acquiring an additional 447 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for approximately 2.7% of TRU Independence Asset Management 2 LLC’s investment portfolio, making the stock its 10th biggest holding. TRU Independence Asset Management 2 LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,184,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Spectrum Strategic Capital Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $1,367,000. Foundations Investment Advisors LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 16.0% during the fourth quarter. Foundations Investment Advisors LLC now owns 37,823 shares of the exchange traded fund’s stock worth $3,497,000 after acquiring an additional 5,228 shares during the last quarter. Prism Advisors Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 14.3% during the fourth quarter. Prism Advisors Inc. now owns 10,532 shares of the exchange traded fund’s stock valued at $974,000 after acquiring an additional 1,318 shares in the last quarter. waypoint wealth counsel boosted its stake in iShares 7-10 Year Treasury Bond ETF by 14.9% in the 4th quarter. waypoint wealth counsel now owns 18,700 shares of the exchange traded fund’s stock worth $1,729,000 after purchasing an additional 2,420 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $92,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $93.07 on Tuesday. The company has a market capitalization of $31.76 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18. The firm’s fifty day simple moving average is $93.17 and its 200-day simple moving average is $95.22.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.3075 dividend. This represents a $3.69 annualized dividend and a yield of 3.96%. This is a positive change 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.

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.