Koshinski Asset Management Inc. Has $3.05 Million Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Koshinski Asset Management Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 388.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,968 shares of the exchange traded fund’s stock after acquiring an additional 26,217 shares during the period. Koshinski Asset Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,048,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PSI Advisors LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 20.0% in the third quarter. PSI Advisors LLC now owns 653 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 109 shares during the last quarter. J. W. Coons Advisors LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 1.0% in the 3rd quarter. J. W. Coons Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock valued at $1,299,000 after purchasing an additional 135 shares during the last quarter. Drive Wealth Management LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% during the third quarter. Drive Wealth Management LLC now owns 4,924 shares of the exchange traded fund’s stock worth $483,000 after buying an additional 144 shares during the period. SignalPoint Asset Management LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 0.9% during the third quarter. SignalPoint Asset Management LLC now owns 15,562 shares of the exchange traded fund’s stock worth $1,531,000 after buying an additional 146 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 45.1% in the third quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 153 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

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

Shares of IEF opened at $92.45 on Tuesday. The firm’s fifty day simple moving average is $93.23 and its two-hundred day simple moving average is $95.26. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18. The stock has a market capitalization of $31.55 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.3075 per share. The ex-dividend date was Wednesday, December 18th. This represents a $3.69 annualized dividend and a yield of 3.99%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.