42,902 iShares 7-10 Year Treasury Bond ETF $IEF Shares Acquired by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 506.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,374 shares of the exchange traded fund’s stock after acquiring an additional 42,902 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for 2.0% of Whalen Wealth Management Inc.’s holdings, making the stock its 9th largest holding. Whalen Wealth Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,588,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE grew its position in iShares 7-10 Year Treasury Bond ETF by 69.8% in the first quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock valued at $2,185,584,000 after acquiring an additional 9,414,689 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 250.4% in the 1st quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock valued at $323,377,000 after purchasing an additional 2,421,315 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 606.5% in the 4th quarter. Focus Partners Wealth now owns 1,353,687 shares of the exchange traded fund’s stock valued at $130,166,000 after purchasing an additional 1,162,073 shares in the last quarter. McElhenny Sheffield Capital Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at approximately $96,223,000. Finally, Eastern Bank increased its position in iShares 7-10 Year Treasury Bond ETF by 136.0% during the 3rd quarter. Eastern Bank now owns 1,346,447 shares of the exchange traded fund’s stock worth $120,251,000 after purchasing an additional 775,994 shares in the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.3%

Shares of NASDAQ:IEF traded up $0.23 during trading on Thursday, hitting $89.33. 3,883,241 shares of the company were exchanged, compared to its average volume of 8,758,323. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $88.64 and a 1-year high of $98.04. The company has a market capitalization of $41.59 billion, a P/E ratio of -22.00 and a beta of 0.26. The business’s 50 day moving average is $91.76 and its 200-day moving average is $93.49.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.3069 dividend. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date was Thursday, October 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.1%.

About iShares 7-10 Year Treasury Bond ETF

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.