GDS Wealth Management Buys 12,276 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

GDS Wealth Management raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,774 shares of the exchange traded fund’s stock after purchasing an additional 12,276 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up about 1.4% of GDS Wealth Management’s portfolio, making the stock its 25th biggest holding. GDS Wealth Management’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $10,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Nemes Rush Group LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $25,000. GoalVest Advisory LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $26,000. Islay Capital Management LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $29,000. SouthState Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $29,000. Finally, JFS Wealth Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $30,000. 81.48% of the stock is currently owned by institutional investors.

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

Shares of IEF traded up $0.28 during midday trading on Thursday, reaching $92.80. 9,625,207 shares of the stock were exchanged, compared to its average volume of 8,794,699. The stock’s 50 day simple moving average is $93.21 and its 200 day simple moving average is $93.74. The company has a market cap of $28.43 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $88.86 and a twelve month high of $100.41.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd were paid a $0.2709 dividend. This represents a $3.25 annualized dividend and a yield of 3.50%. The ex-dividend date was Wednesday, May 1st.

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.