Jessup Wealth Management Inc Boosts Position in iShares 7-10 Year Treasury Bond ETF $IEF

Jessup Wealth Management Inc raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 114,509 shares of the exchange traded fund’s stock after buying an additional 5,384 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for approximately 3.6% of Jessup Wealth Management Inc’s holdings, making the stock its 7th biggest holding. Jessup Wealth Management Inc’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $11,011,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at $25,000. Asset Dedication LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $29,000. Balentine LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $29,000. Finally, Capital Investment Counsel Inc acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at $31,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $93.69 on Thursday. The firm has a market capitalization of $47.79 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.94 and a one year high of $98.04. The stock’s fifty day moving average is $94.69 and its 200-day moving average is $95.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.3172 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Monday, June 1st.

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. 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.