First Heartland Consultants Inc. Purchases 14,451 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

First Heartland Consultants Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 274.6% in the third quarter, Holdings Channel reports. The fund owned 19,713 shares of the exchange traded fund’s stock after purchasing an additional 14,451 shares during the quarter. First Heartland Consultants Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,934,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cerity Partners OCIO LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $225,675,000. Ameriprise Financial Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 10.6% during the second quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock valued at $1,060,398,000 after buying an additional 1,082,837 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 11.8% in the 1st quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock valued at $595,656,000 after buying an additional 662,293 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,943,561 shares of the exchange traded fund’s stock worth $1,212,164,000 after acquiring an additional 610,635 shares in the last quarter. Finally, LPL Financial LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 17.6% during the second quarter. LPL Financial LLC now owns 3,452,784 shares of the exchange traded fund’s stock valued at $323,353,000 after acquiring an additional 517,532 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF traded down $0.22 during trading on Tuesday, hitting $93.72. The stock had a trading volume of 1,633,573 shares, compared to its average volume of 7,781,918. The stock has a 50 day simple moving average of $96.66 and a two-hundred day simple moving average of $95.22. The company has a market capitalization of $33.29 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $90.68 and a twelve month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a dividend of $0.2916 per share. This represents a $3.50 annualized dividend and a yield of 3.73%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, November 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.