Benchmark Financial LLC Has $6.95 Million Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Benchmark Financial LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 19.3% during the first quarter, Holdings Channel.com reports. The fund owned 72,774 shares of the exchange traded fund’s stock after buying an additional 11,758 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for approximately 6.2% of Benchmark Financial LLC’s holdings, making the stock its 5th largest holding. Benchmark Financial LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IEF. Elevated Capital Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $28,000. Asset Dedication LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $29,000. Finally, Capital Investment Counsel Inc acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $31,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.3%

NASDAQ:IEF opened at $95.03 on Friday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.94 and a 1-year high of $98.04. The firm has a fifty day simple moving average of $94.46 and a 200 day simple moving average of $95.55. The stock has a market capitalization of $48.47 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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. 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.