Canvas Wealth Advisors LLC Purchases 14,801 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Canvas Wealth Advisors LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 279.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,101 shares of the exchange traded fund’s stock after purchasing an additional 14,801 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in IEF. Van ECK Associates Corp grew its holdings in iShares 7-10 Year Treasury Bond ETF by 12.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,019 shares of the exchange traded fund’s stock valued at $96,000 after buying an additional 113 shares in the last quarter. Wetzel Investment Advisors Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% during the third quarter. Wetzel Investment Advisors Inc. now owns 2,371 shares of the exchange traded fund’s stock worth $212,000 after buying an additional 118 shares in the last quarter. Lockerman Financial Group Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 2.1% during the third quarter. Lockerman Financial Group Inc. now owns 5,776 shares of the exchange traded fund’s stock worth $516,000 after buying an additional 118 shares in the last quarter. CX Institutional boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 36.7% in the third quarter. CX Institutional now owns 469 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 126 shares during the period. Finally, West Branch Capital LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 63.3% in the third quarter. West Branch Capital LLC now owns 343 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 133 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 Performance

Shares of IEF stock traded down $0.11 on Friday, hitting $91.86. The company’s stock had a trading volume of 8,613,787 shares, compared to its average volume of 9,172,454. The stock’s 50 day moving average is $90.73 and its 200-day moving average is $93.77. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.64 and a fifty-two week high of $98.04. The company has a market capitalization of $44.63 billion, a PE ratio of -22.00 and a beta of 0.27.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a $0.3115 dividend. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $3.74 dividend on an annualized basis and a yield of 4.1%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069.

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.