Financial Advocates Investment Management Has $1.21 Million Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Financial Advocates Investment Management lifted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 30.8% during the 4th quarter, Holdings Channel reports. The firm owned 13,091 shares of the exchange traded fund’s stock after acquiring an additional 3,086 shares during the period. Financial Advocates Investment Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,210,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IEF. Logan Capital Management Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $25,000. Hazlett Burt & Watson Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $34,000. Van ECK Associates Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $35,000. Dunhill Financial LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $38,000. Finally, Rakuten Securities Inc. raised its holdings 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 worth $48,000 after purchasing an additional 153 shares during the period. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.1 %

Shares of NASDAQ IEF opened at $93.45 on Friday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The company’s fifty day moving average is $93.02 and its 200-day moving average is $95.11. The stock has a market cap of $32.19 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 firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2964 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29.

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.