B. Riley Wealth Advisors Inc. Increases Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

B. Riley Wealth Advisors Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 579.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 36,536 shares of the exchange traded fund’s stock after purchasing an additional 31,155 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Logan Capital Management Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $25,000. Capital Investment Counsel Inc bought a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at $25,000. Innealta Capital LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at about $28,000. Hazlett Burt & Watson Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $34,000. Finally, Van ECK Associates Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $35,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.5 %

IEF opened at $93.69 on Friday. The stock has a market capitalization of $33.28 billion, a P/E ratio of -21.67 and a beta of 0.05. The stock has a 50-day moving average price of $94.65 and a 200-day moving average price of $95.50. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, December 2nd were paid a $0.292 dividend. The ex-dividend date was Monday, December 2nd. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29.

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.