IHT Wealth Management LLC Boosts Position in iShares 7-10 Year Treasury Bond ETF $IEF

IHT Wealth Management LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 13.5% in the fourth quarter, Holdings Channel reports. The firm owned 69,700 shares of the exchange traded fund’s stock after buying an additional 8,284 shares during the period. IHT Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IEF. Elevated Capital Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth about $25,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth about $28,000. Balentine LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $29,000. Finally, Asset Dedication LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $29,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.5%

Shares of NASDAQ:IEF opened at $94.02 on Thursday. The business has a 50-day moving average price of $94.60 and a 200 day moving average price of $95.66. The company has a market capitalization of $47.96 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.94 and a 12-month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.3172 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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.