IFP Advisors Inc Has $44.17 Million Position in iShares 7-10 Year Treasury Bond ETF $IEF

IFP Advisors Inc increased its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 31.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,027 shares of the exchange traded fund’s stock after purchasing an additional 112,935 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up about 0.8% of IFP Advisors Inc’s portfolio, making the stock its 14th largest holding. IFP Advisors Inc owned about 0.09% of iShares 7-10 Year Treasury Bond ETF worth $44,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in IEF. Windsor Advisory Group LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the first quarter worth $27,000. IFC & Insurance Marketing Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $28,000. Measured Wealth Private Client Group LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $29,000. Compass Financial Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $29,000. Finally, Strive Financial Group LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 483.0% in the 2nd quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 256 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $92.16 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.04 and a fifty-two week high of $98.04. The company’s 50 day moving average price is $93.17 and its two-hundred day moving average price is $94.44. The firm has a market capitalization of $46.76 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.332 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 1st.

iShares 7-10 Year Treasury Bond ETF 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.