Shepherd Financial Partners LLC Purchases 8,569 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Shepherd Financial Partners LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 8,569 shares of the exchange traded fund’s stock, valued at approximately $765,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 12.5% in the second quarter. Van ECK Associates Corp now owns 1,019 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 113 shares during the period. Wetzel Investment Advisors Inc. grew its position in iShares 7-10 Year Treasury Bond ETF by 5.2% in the 3rd quarter. Wetzel Investment Advisors Inc. now owns 2,371 shares of the exchange traded fund’s stock valued at $212,000 after buying an additional 118 shares in the last quarter. Lockerman Financial Group Inc. grew its position in iShares 7-10 Year Treasury Bond ETF by 2.1% in the 3rd quarter. Lockerman Financial Group Inc. now owns 5,776 shares of the exchange traded fund’s stock valued at $516,000 after buying an additional 118 shares in the last quarter. CX Institutional grew its position in iShares 7-10 Year Treasury Bond ETF by 36.7% in the 3rd quarter. CX Institutional now owns 469 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 126 shares in the last quarter. Finally, West Branch Capital LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 63.3% during the 3rd quarter. West Branch Capital LLC now owns 343 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 133 shares during the period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $91.86 on Monday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $88.64 and a 52 week high of $98.04. The stock has a market cap of $44.63 billion, a price-to-earnings ratio of -22.00 and a beta of 0.27. The company’s 50-day moving average price is $90.73 and its two-hundred day moving average price is $93.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.