Avalon Advisory Group Has $73.59 Million Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Avalon Advisory Group raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 796,032 shares of the exchange traded fund’s stock after buying an additional 26,183 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up 33.6% of Avalon Advisory Group’s investment portfolio, making the stock its 2nd biggest position. Avalon Advisory Group’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $73,593,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ballew Advisors Inc raised its position in iShares 7-10 Year Treasury Bond ETF by 38.0% during the 4th quarter. Ballew Advisors Inc now owns 37,776 shares of the exchange traded fund’s stock valued at $3,444,000 after purchasing an additional 10,410 shares during the last quarter. Smith Salley Wealth Management grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 1.5% during the 4th quarter. Smith Salley Wealth Management now owns 44,542 shares of the exchange traded fund’s stock worth $4,118,000 after acquiring an additional 656 shares during the period. Ameritas Advisory Services LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 9.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 16,506 shares of the exchange traded fund’s stock worth $1,526,000 after acquiring an additional 1,415 shares during the period. HB Wealth Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $259,000. Finally, Financial & Tax Architects LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.8% during the 4th quarter. Financial & Tax Architects LLC now owns 197,230 shares of the exchange traded fund’s stock worth $18,234,000 after acquiring an additional 9,060 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock opened at $92.45 on Friday. The company has a market capitalization of $31.50 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The business’s 50 day moving average price is $93.26 and its two-hundred day moving average price is $95.26. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

iShares 7-10 Year Treasury Bond ETF 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.