Deane Retirement Strategies Inc. Invests $9.39 Million in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Deane Retirement Strategies Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 101,602 shares of the exchange traded fund’s stock, valued at approximately $9,393,000. iShares 7-10 Year Treasury Bond ETF comprises approximately 4.7% of Deane Retirement Strategies Inc.’s portfolio, making the stock its 7th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 109.5% during the 3rd quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock worth $13,274,000 after purchasing an additional 70,696 shares in the last quarter. Lake Hills Wealth Management LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 27.6% in the third quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock worth $6,753,000 after purchasing an additional 14,906 shares during the period. Axxcess Wealth Management LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 62.6% during the third quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock worth $1,913,000 after buying an additional 7,508 shares in the last quarter. Stablepoint Partners LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 34.3% in the 3rd quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock valued at $2,275,000 after buying an additional 5,916 shares during the period. Finally, Van ECK Associates Corp acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $35,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $93.08 on Wednesday. The firm has a market cap of $31.92 billion, a P/E ratio of -21.67 and a beta of 0.05. The firm’s 50-day simple moving average is $93.14 and its 200-day simple moving average is $95.19. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.3075 per share. This represents a $3.69 dividend on an annualized basis and a yield of 3.96%. 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.

iShares 7-10 Year Treasury Bond ETF Company 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.