Prime Capital Investment Advisors LLC Raises Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Prime Capital Investment Advisors LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 42.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 443,464 shares of the exchange traded fund’s stock after buying an additional 131,927 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $42,471,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. HB Wealth Management LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 72.9% during the first quarter. HB Wealth Management LLC now owns 4,851 shares of the exchange traded fund’s stock valued at $463,000 after purchasing an additional 2,046 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 0.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,606,373 shares of the exchange traded fund’s stock worth $153,200,000 after buying an additional 7,420 shares during the last quarter. GAMMA Investing LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 974.6% during the 1st quarter. GAMMA Investing LLC now owns 2,289 shares of the exchange traded fund’s stock valued at $218,000 after buying an additional 2,076 shares in the last quarter. Independence Financial Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the first quarter valued at $14,612,000. Finally, JPMorgan Chase & Co. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 28,076,649 shares of the exchange traded fund’s stock worth $2,677,872,000 after acquiring an additional 1,333,142 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:IEF opened at $96.40 on Monday. The business has a fifty day moving average price of $96.05 and a 200-day moving average price of $95.09. The company has a market capitalization of $38.50 billion, a PE ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $97.51.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.2945 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, October 1st.

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.