Worth Asset Management LLC Acquires New Position in iShares 7-10 Year Treasury Bond ETF $IEF

Worth Asset Management LLC bought a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the third quarter, according to its most recent filing with the SEC. The firm bought 56,582 shares of the exchange traded fund’s stock, valued at approximately $5,458,000. iShares 7-10 Year Treasury Bond ETF makes up 2.5% of Worth Asset Management LLC’s investment portfolio, making the stock its 8th largest position.

Several other large investors also recently bought and sold shares of the stock. Silicon Valley Capital Partners acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $37,000. WFA of San Diego LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $40,000. Richards Merrill & Peterson Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $48,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $52,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $96.44 on Friday. The stock has a 50-day moving average of $96.80 and a two-hundred day moving average of $96.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $97.77. The stock has a market cap of $40.23 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 disclosed a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a $0.3127 dividend. The ex-dividend date 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.