iShares 7-10 Year Treasury Bond ETF $IEF Stock Holdings Raised by Focus Financial Network Inc.

Focus Financial Network Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 443,067 shares of the exchange traded fund’s stock after acquiring an additional 37,276 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up about 1.2% of Focus Financial Network Inc.’s portfolio, making the stock its 14th largest position. Focus Financial Network Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $39,570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 12.5% in the second quarter. Van ECK Associates Corp now owns 1,019 shares of the exchange traded fund’s stock valued at $96,000 after buying an additional 113 shares during the last quarter. Wetzel Investment Advisors Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% during the 3rd quarter. Wetzel Investment Advisors Inc. now owns 2,371 shares of the exchange traded fund’s stock worth $212,000 after acquiring an additional 118 shares during the last quarter. CX Institutional increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 36.7% during the 3rd quarter. CX Institutional now owns 469 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 126 shares during the last quarter. KPP Advisory Services LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.5% during the 1st quarter. KPP Advisory Services LLC now owns 3,207 shares of the exchange traded fund’s stock worth $306,000 after acquiring an additional 138 shares during the last quarter. Finally, Dogwood Wealth Management LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 8.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 1,866 shares of the exchange traded fund’s stock worth $176,000 after acquiring an additional 144 shares during the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $89.54 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.64 and a one year high of $98.04. The stock has a market cap of $41.34 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The company has a fifty day moving average price of $91.47 and a two-hundred day moving average price of $93.33.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.3069 per share. This represents a $3.68 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320.

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.