Phillip James Consulting Co. Takes $9 Million Position in iShares 7-10 Year Treasury Bond ETF $IEF

Phillip James Consulting Co. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 94,262 shares of the exchange traded fund’s stock, valued at approximately $8,996,000. iShares 7-10 Year Treasury Bond ETF makes up approximately 6.7% of Phillip James Consulting Co.’s investment portfolio, making the stock its 2nd largest holding.

Several other large investors have also added to or reduced their stakes in the business. Elevated Capital Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $29,000. Capital Investment Counsel Inc bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $31,000. Finally, McIlrath & Eck LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 882.4% in the 4th quarter. McIlrath & Eck LLC now owns 334 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.2%

iShares 7-10 Year Treasury Bond ETF stock opened at $93.31 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.94 and a 12-month high of $98.04. The firm’s fifty day moving average is $94.02 and its 200 day moving average is $95.25. The company has a market capitalization of $47.25 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.3111 dividend. The ex-dividend date of this dividend was Wednesday, July 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.