Magnus Financial Group LLC Has $274,000 Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Magnus Financial Group LLC decreased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 59.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,961 shares of the exchange traded fund’s stock after selling 4,308 shares during the period. Magnus Financial Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $274,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. LifeGuide Financial Advisors LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 6.1% in the fourth quarter. LifeGuide Financial Advisors LLC now owns 358,228 shares of the exchange traded fund’s stock valued at $33,118,000 after purchasing an additional 20,520 shares in the last quarter. Finley Financial LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $97,000. Traphagen Investment Advisors LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 50.5% in the fourth quarter. Traphagen Investment Advisors LLC now owns 5,912 shares of the exchange traded fund’s stock valued at $547,000 after buying an additional 1,983 shares in the last quarter. White Pine Investment CO increased its holdings in iShares 7-10 Year Treasury Bond ETF by 13.4% during the fourth quarter. White Pine Investment CO now owns 51,402 shares of the exchange traded fund’s stock worth $4,752,000 after buying an additional 6,075 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 0.3% during the fourth quarter. Atomi Financial Group Inc. now owns 55,128 shares of the exchange traded fund’s stock worth $5,097,000 after acquiring an additional 147 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 IEF stock opened at $92.52 on Thursday. The company has a fifty day moving average price of $93.22 and a two-hundred day moving average price of $95.25. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The stock has a market cap of $31.58 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.