Joule Financial LLC Buys 109,637 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Joule Financial LLC raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 64.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,044 shares of the exchange traded fund’s stock after acquiring an additional 109,637 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for approximately 8.1% of Joule Financial LLC’s portfolio, making the stock its 4th largest position. Joule Financial LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $26,917,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IEF. Grey Fox Wealth Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $27,000. Silicon Valley Capital Partners acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth $37,000. WFA of San Diego LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $40,000. Finally, Richards Merrill & Peterson Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $48,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

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

NASDAQ:IEF opened at $95.90 on Thursday. The stock’s 50 day simple moving average is $96.43 and its 200-day simple moving average is $96.27. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.08 and a 12-month high of $97.77. The firm has a market cap of $45.89 billion, a P/E 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 Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a $0.3127 dividend. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a c) annualized dividend and a dividend yield of 3.9%.

iShares 7-10 Year Treasury Bond ETF Company 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.