iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.4% in the third quarter, HoldingsChannel reports. The fund owned 77,868 shares of the exchange traded fund’s stock after purchasing an additional 5,339 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $7,640,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Savvy Advisors Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $209,000. Ashton Thomas Private Wealth LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 745.7% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 10,326 shares of the exchange traded fund’s stock valued at $1,013,000 after purchasing an additional 9,105 shares in the last quarter. Systelligence LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 16.0% in the 3rd quarter. Systelligence LLC now owns 114,883 shares of the exchange traded fund’s stock worth $11,272,000 after purchasing an additional 15,881 shares during the period. Compass Financial Group Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 0.6% during the third quarter. Compass Financial Group Inc. now owns 74,820 shares of the exchange traded fund’s stock worth $7,341,000 after purchasing an additional 455 shares in the last quarter. Finally, Meridian Management Co. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 21.9% in the third quarter. Meridian Management Co. now owns 65,853 shares of the exchange traded fund’s stock valued at $6,461,000 after purchasing an additional 11,819 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $93.35 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $90.68 and a 1-year high of $99.18. The company has a market cap of $33.16 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The stock has a 50 day simple moving average of $96.51 and a 200-day simple moving average of $95.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a $0.2916 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Friday, November 1st. This represents a $3.50 annualized dividend and a dividend yield of 3.75%.

About iShares 7-10 Year Treasury Bond ETF

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.