Modern Wealth Management LLC Buys 19,727 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Modern Wealth Management LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 39.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,673 shares of the exchange traded fund’s stock after purchasing an additional 19,727 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,488,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IEF. Logan Capital Management Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $25,000. Montag A & Associates Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 113.5% during the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 160 shares during the period. BankPlus Trust Department purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $31,000. Dunhill Financial LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $38,000. Finally, HM Payson & Co. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $94.47 on Tuesday. The stock has a market cap of $32.54 billion, a P/E ratio of -22.19 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18. The firm’s fifty day moving average price is $93.64 and its 200-day moving average price is $94.50.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.2754 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.