Brookstone Capital Management Increases Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Brookstone Capital Management raised its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 87.4% in the 1st quarter, Holdings Channel reports. The fund owned 116,090 shares of the exchange traded fund’s stock after acquiring an additional 54,153 shares during the period. Brookstone Capital Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $11,080,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in IEF. Arkos Global Advisors raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.0% during the 3rd quarter. Arkos Global Advisors now owns 568,678 shares of the exchange traded fund’s stock worth $54,855,000 after buying an additional 21,893 shares in the last quarter. Center For Asset Management LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $954,000. ABLE Financial Group LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 30.7% in the fourth quarter. ABLE Financial Group LLC now owns 22,362 shares of the exchange traded fund’s stock valued at $2,150,000 after buying an additional 5,255 shares in the last quarter. TIAA Trust National Association grew its holdings in iShares 7-10 Year Treasury Bond ETF by 18.2% during the third quarter. TIAA Trust National Association now owns 184,173 shares of the exchange traded fund’s stock worth $17,765,000 after acquiring an additional 28,301 shares during the period. Finally, Acropolis Investment Management LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 121.3% in the fourth quarter. Acropolis Investment Management LLC now owns 71,174 shares of the exchange traded fund’s stock worth $6,844,000 after acquiring an additional 39,014 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $94.00 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $92.94 and a 1 year high of $98.04. The stock has a fifty day moving average price of $94.53 and a two-hundred day moving average price of $95.60. The stock has a market capitalization of $47.95 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a dividend of $0.3172 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.