Capital Advisors Wealth Management LLC Invests $279,000 in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Capital Advisors Wealth Management LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,017 shares of the exchange traded fund’s stock, valued at approximately $279,000.

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

iShares 7-10 Year Treasury Bond ETF Stock Up 0.2 %

NASDAQ:IEF opened at $92.38 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The stock’s fifty day moving average is $93.29 and its two-hundred day moving average is $95.25. The stock has a market capitalization of $31.47 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company 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 a positive change 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 3.99%.

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.