Janney Montgomery Scott LLC Has $123 Million Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Janney Montgomery Scott LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 15.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,288,790 shares of the exchange traded fund’s stock after buying an additional 174,811 shares during the period. Janney Montgomery Scott LLC owned 0.25% of iShares 7-10 Year Treasury Bond ETF worth $123,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Elevated Capital Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $25,000. IFC & Insurance Marketing Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $28,000. Asset Dedication LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth $29,000. Measured Wealth Private Client Group LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth $29,000. Finally, Capital Investment Counsel Inc bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at about $31,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $95.03 on Friday. The company has a market capitalization of $48.47 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The company has a 50-day simple moving average of $94.46 and a 200 day simple moving average of $95.55. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.94 and a 52 week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.3172 per share. This represents a c) annualized dividend and a yield of 4.0%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date was Monday, June 1st.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.