Apollon Wealth Management LLC Boosts Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Apollon Wealth Management LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 67.8% during the 4th quarter, HoldingsChannel reports. The fund owned 40,851 shares of the exchange traded fund’s stock after buying an additional 16,512 shares during the period. Apollon Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IEF. PSI Advisors LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 20.0% in the third quarter. PSI Advisors LLC now owns 653 shares of the exchange traded fund’s stock worth $64,000 after buying an additional 109 shares in the last quarter. J. W. Coons Advisors LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.0% in the third quarter. J. W. Coons Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock worth $1,299,000 after buying an additional 135 shares in the last quarter. Drive Wealth Management LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% in the third quarter. Drive Wealth Management LLC now owns 4,924 shares of the exchange traded fund’s stock worth $483,000 after buying an additional 144 shares in the last quarter. Intergy Private Wealth LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 6.2% in the fourth quarter. Intergy Private Wealth LLC now owns 2,504 shares of the exchange traded fund’s stock worth $231,000 after buying an additional 146 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 0.3% in the fourth quarter. Atomi Financial Group Inc. now owns 55,128 shares of the exchange traded fund’s stock worth $5,097,000 after buying an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $93.14 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18. The company has a market capitalization of $32.09 billion, a PE ratio of -21.67 and a beta of 0.05. The business’s fifty day moving average is $92.96 and its 200 day moving average is $95.09.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2964 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, February 3rd.

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.