Marcum Wealth LLC Takes Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Marcum Wealth LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the second quarter, HoldingsChannel.com reports. The fund purchased 2,365 shares of the exchange traded fund’s stock, valued at approximately $221,000.

Other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 5.5% during the fourth quarter. Fisher Asset Management LLC now owns 9,734,650 shares of the exchange traded fund’s stock worth $938,323,000 after acquiring an additional 504,860 shares during the period. Captrust Financial Advisors boosted its stake in iShares 7-10 Year Treasury Bond ETF by 11.8% during the first quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock worth $595,656,000 after buying an additional 662,293 shares in the last quarter. Blue Trust Inc. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 9.7% during the first quarter. Blue Trust Inc. now owns 4,899,206 shares of the exchange traded fund’s stock worth $463,759,000 after buying an additional 433,840 shares in the last quarter. Nationwide Fund Advisors boosted its stake in iShares 7-10 Year Treasury Bond ETF by 8.1% during the first quarter. Nationwide Fund Advisors now owns 2,834,331 shares of the exchange traded fund’s stock worth $268,298,000 after buying an additional 212,233 shares in the last quarter. Finally, Perella Weinberg Partners Capital Management LP boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 22.6% in the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 2,211,712 shares of the exchange traded fund’s stock valued at $213,187,000 after purchasing an additional 408,022 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:IEF traded down $0.87 on Tuesday, hitting $96.91. The stock had a trading volume of 9,236,187 shares, compared to its average volume of 7,789,019. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $88.86 and a twelve month high of $98.58. The firm’s 50 day moving average price is $94.17 and its 200-day moving average price is $93.83. The company has a market capitalization of $30.20 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 6th. Investors of record on Thursday, August 1st will be issued a $0.2891 dividend. This represents a $3.47 dividend on an annualized basis and a dividend yield of 3.58%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend is Thursday, August 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.