Janney Montgomery Scott LLC Purchases 174,811 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Janney Montgomery Scott LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 15.7% in the first quarter, Holdings Channel reports. The institutional investor owned 1,288,790 shares of the exchange traded fund’s stock after acquiring an additional 174,811 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $123,002,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Arkos Global Advisors grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.0% during the 3rd quarter. Arkos Global Advisors now owns 568,678 shares of the exchange traded fund’s stock worth $54,855,000 after purchasing an additional 21,893 shares in the last quarter. Legacy Wealth Partners LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 159.7% in the first quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock worth $2,064,000 after purchasing an additional 13,298 shares during the period. Center For Asset Management LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at about $954,000. ABLE Financial Group LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 30.7% in the fourth quarter. ABLE Financial Group LLC now owns 22,362 shares of the exchange traded fund’s stock valued at $2,150,000 after purchasing an additional 5,255 shares in the last quarter. Finally, TIAA Trust National Association lifted its position in iShares 7-10 Year Treasury Bond ETF by 18.2% during the third quarter. TIAA Trust National Association now owns 184,173 shares of the exchange traded fund’s stock worth $17,765,000 after purchasing an additional 28,301 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.3%

IEF opened at $95.03 on Friday. The stock has a market capitalization of $48.47 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.94 and a twelve month high of $98.04. The company has a 50-day simple moving average of $94.46 and a 200 day simple moving average of $95.55.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared 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 is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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.