Premier Path Wealth Partners LLC Raises Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Premier Path Wealth Partners LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,083 shares of the exchange traded fund’s stock after purchasing an additional 3,514 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up approximately 1.1% of Premier Path Wealth Partners LLC’s holdings, making the stock its 18th largest holding. Premier Path Wealth Partners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $7,496,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in IEF. Logan Capital Management Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $25,000. Hazlett Burt & Watson Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $34,000. Van ECK Associates Corp acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth about $35,000. Dunhill Financial LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $38,000. Finally, Rakuten Securities Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 45.1% during the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $92.45 on Friday. The firm’s 50-day simple moving average is $93.26 and its 200-day simple moving average is $95.24. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18. The firm has a market cap of $31.50 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.3075 per share. The ex-dividend date was Wednesday, December 18th. This represents a $3.69 dividend on an annualized basis and a yield of 3.99%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.