LPL Financial LLC Has $346.54 Million Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

LPL Financial LLC lifted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,531,829 shares of the exchange traded fund’s stock after purchasing an additional 79,045 shares during the period. LPL Financial LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $346,543,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Values First Advisors Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.4% during the second quarter. Values First Advisors Inc. now owns 32,278 shares of the exchange traded fund’s stock valued at $3,023,000 after acquiring an additional 1,365 shares during the period. Stanley Laman Group Ltd. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $274,000. Raymond James & Associates increased its position in iShares 7-10 Year Treasury Bond ETF by 4.6% in the 2nd quarter. Raymond James & Associates now owns 6,346,855 shares of the exchange traded fund’s stock worth $594,383,000 after buying an additional 281,554 shares during the period. Ballentine Partners LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth approximately $1,016,000. Finally, CWM LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 109.5% in the third quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock valued at $13,274,000 after acquiring an additional 70,696 shares during the period. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1 %

Shares of IEF stock opened at $93.59 on Thursday. The firm has a market capitalization of $33.24 billion, a P/E ratio of -21.67 and a beta of 0.05. 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’s fifty day simple moving average is $96.01 and its 200 day simple moving average is $95.31.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a dividend of $0.2916 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.50 annualized dividend and a dividend yield of 3.74%.

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.