Ritholtz Wealth Management Purchases 2,024 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Ritholtz Wealth Management increased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.6% during the 4th quarter, Holdings Channel reports. The fund owned 127,439 shares of the exchange traded fund’s stock after buying an additional 2,024 shares during the quarter. Ritholtz Wealth Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $11,782,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sicart Associates LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 272.6% during the 4th quarter. Sicart Associates LLC now owns 90,234 shares of the exchange traded fund’s stock worth $8,342,000 after acquiring an additional 66,018 shares during the last quarter. Sanders Morris Harris LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $207,000. Pinnacle Bancorp Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 41.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 3,467 shares of the exchange traded fund’s stock valued at $321,000 after buying an additional 1,014 shares in the last quarter. Twele Capital Management Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 5.7% in the fourth quarter. Twele Capital Management Inc. now owns 435,501 shares of the exchange traded fund’s stock valued at $40,262,000 after buying an additional 23,605 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 79.9% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,143,157 shares of the exchange traded fund’s stock valued at $105,685,000 after buying an additional 507,737 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $92.38 on Friday. The firm’s 50 day moving average price is $93.29 and its two-hundred day moving average price is $95.25. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The firm has a market cap of $31.47 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.3075 dividend. 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. This represents a $3.69 annualized dividend and a dividend yield of 3.99%.

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.