Transcend Capital Advisors LLC Has $3.29 Million Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Transcend Capital Advisors LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,127 shares of the exchange traded fund’s stock after purchasing an additional 1,576 shares during the quarter. Transcend Capital Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IEF. DAVENPORT & Co LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 131.4% during the 4th quarter. DAVENPORT & Co LLC now owns 39,756 shares of the exchange traded fund’s stock worth $3,832,000 after purchasing an additional 22,575 shares during the last quarter. All Season Financial Advisors Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $4,591,000. Private Trust Co. NA increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 143.1% in the 4th quarter. Private Trust Co. NA now owns 5,379 shares of the exchange traded fund’s stock valued at $519,000 after acquiring an additional 3,166 shares during the last quarter. Arvest Investments Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $7,677,000. Finally, Amarillo National Bank increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 6.2% in the 4th quarter. Amarillo National Bank now owns 7,874 shares of the exchange traded fund’s stock valued at $759,000 after acquiring an additional 463 shares during the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 1.5 %

Shares of IEF stock traded up $1.49 on Friday, reaching $97.68. The company had a trading volume of 18,286,540 shares, compared to its average volume of 7,702,789. The stock has a market cap of $30.44 billion, a PE ratio of -21.67 and a beta of 0.05. The company has a 50-day moving average of $94.17 and a 200-day moving average of $93.84. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $88.86 and a 12 month high of $97.75.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st will be paid a $0.2891 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.47 dividend on an annualized basis and a dividend yield of 3.55%.

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.