Whalen Wealth Management Inc. Boosts Position in iShares 7-10 Year Treasury Bond ETF $IEF

Whalen Wealth Management Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 506.4% during the third quarter, Holdings Channel.com reports. The firm owned 51,374 shares of the exchange traded fund’s stock after acquiring an additional 42,902 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for about 2.0% of Whalen Wealth Management Inc.’s portfolio, making the stock its 9th biggest position. Whalen Wealth Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,588,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. City Center Advisors LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 12.8% during the 3rd quarter. City Center Advisors LLC now owns 6,595 shares of the exchange traded fund’s stock valued at $589,000 after buying an additional 748 shares in the last quarter. MFA Wealth Advisors LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.0% during the third quarter. MFA Wealth Advisors LLC now owns 24,821 shares of the exchange traded fund’s stock valued at $2,217,000 after buying an additional 478 shares during the period. SigFig Wealth Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $223,000. Ballew Advisors Inc raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 15.2% during the third quarter. Ballew Advisors Inc now owns 65,561 shares of the exchange traded fund’s stock valued at $5,838,000 after acquiring an additional 8,663 shares in the last quarter. Finally, Tompkins Financial Corp bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $41,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF traded up $0.23 on Thursday, hitting $89.33. The company had a trading volume of 3,883,241 shares, compared to its average volume of 8,758,323. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $88.64 and a 52-week high of $98.04. The firm has a market capitalization of $41.59 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock has a fifty day simple moving average of $91.76 and a 200-day simple moving average of $93.49.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.3069 per share. The ex-dividend date was Thursday, October 1st. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. This represents a $3.68 annualized dividend and a dividend yield of 4.1%.

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. 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.