FFT Wealth Management LLC Raises Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

FFT Wealth Management LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 67.8% in the fourth quarter, Holdings Channel reports. The firm owned 13,207 shares of the exchange traded fund’s stock after acquiring an additional 5,335 shares during the period. FFT Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,221,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IEF. Logan Capital Management Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $25,000. Montag A & Associates Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 113.5% during the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 160 shares in the last quarter. BankPlus Trust Department purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $31,000. Hazlett Burt & Watson Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $34,000. Finally, Van ECK Associates Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $35,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF opened at $94.65 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18. The stock has a market cap of $32.61 billion, a P/E ratio of -21.67 and a beta of 0.05. The firm has a 50-day moving average of $92.65 and a two-hundred day moving average of $94.85.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.2964 dividend. The ex-dividend date was Monday, February 3rd. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous 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.