Janney Montgomery Scott LLC Increases Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Janney Montgomery Scott LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,113,979 shares of the exchange traded fund’s stock after buying an additional 9,347 shares during the period. Janney Montgomery Scott LLC owned 0.23% of iShares 7-10 Year Treasury Bond ETF worth $107,120,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Elevated Capital Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $25,000. Balentine LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $29,000. Asset Dedication LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $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 $29,000. Finally, Capital Investment Counsel Inc purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $31,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1%

IEF stock opened at $93.69 on Thursday. The stock has a 50-day moving average price of $94.69 and a two-hundred day moving average price of $95.77. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.94 and a 12-month high of $98.04. The company has a market cap of $47.79 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.3172 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, June 1st. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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.