Ibex Wealth Advisors Invests $1.70 Million in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Ibex Wealth Advisors bought a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,378 shares of the exchange traded fund’s stock, valued at approximately $1,699,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. PSI Advisors LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 20.0% in the 3rd 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 period. J. W. Coons Advisors LLC increased its position in 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 acquiring an additional 135 shares during the period. Drive Wealth Management LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 3.0% in the 3rd quarter. Drive Wealth Management LLC now owns 4,924 shares of the exchange traded fund’s stock valued at $483,000 after acquiring an additional 144 shares during the period. SignalPoint Asset Management LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 0.9% in the 3rd quarter. SignalPoint Asset Management LLC now owns 15,562 shares of the exchange traded fund’s stock valued at $1,531,000 after acquiring an additional 146 shares during the period. Finally, Atomi Financial Group Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 0.3% in the 4th quarter. Atomi Financial Group Inc. now owns 55,128 shares of the exchange traded fund’s stock valued at $5,097,000 after acquiring an additional 147 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF traded up $0.07 during trading on Wednesday, reaching $93.15. The company’s stock had a trading volume of 389,622 shares, compared to its average volume of 4,805,210. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18. The company’s fifty day moving average price is $93.14 and its 200-day moving average price is $95.19. The company has a market capitalization of $31.94 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.3075 dividend. This represents a $3.69 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Wednesday, December 18th. This is a positive change 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.