Marcum Wealth LLC Purchases Shares of 2,365 iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Marcum Wealth LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,365 shares of the exchange traded fund’s stock, valued at approximately $221,000.

Other hedge funds have also added to or reduced their stakes in the company. Baird Financial Group Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 1,494.7% in the 4th quarter. Baird Financial Group Inc. now owns 1,722,152 shares of the exchange traded fund’s stock worth $165,998,000 after purchasing an additional 1,614,158 shares during the period. International Assets Investment Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $128,523,000. GLOBALT Investments LLC GA bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at about $92,585,000. Janney Montgomery Scott LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 111.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,374,256 shares of the exchange traded fund’s stock worth $132,465,000 after acquiring an additional 723,830 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 11.8% in the 1st quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock valued at $595,656,000 after purchasing an additional 662,293 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF traded down $0.87 during trading hours 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. The company has a 50 day simple moving average of $94.17 and a two-hundred day simple moving average of $93.83. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.86 and a one year high of $98.58. The firm 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 announced a monthly dividend, which will be paid on Tuesday, August 6th. Investors of record on Thursday, August 1st will be given a $0.2891 dividend. This represents a $3.47 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Thursday, August 1st. This is a boost 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.