ABLE Financial Group LLC Has $8.58 Million Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

ABLE Financial Group LLC increased its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 102.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,403 shares of the exchange traded fund’s stock after buying an additional 44,284 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for approximately 2.6% of ABLE Financial Group LLC’s investment portfolio, making the stock its 12th biggest holding. ABLE Financial Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $8,576,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Capital Investment Counsel Inc bought a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $25,000. Innealta Capital LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $28,000. Hazlett Burt & Watson Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $34,000. Van ECK Associates Corp bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $35,000. Finally, Riggs Asset Managment Co. Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $36,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock traded up $0.40 during mid-day trading on Friday, hitting $94.40. 3,326,226 shares of the stock were exchanged, compared to its average volume of 7,786,255. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $90.68 and a 12 month high of $99.18. The company has a 50-day simple moving average of $96.71 and a 200 day simple moving average of $95.16. The company has a market capitalization of $33.53 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.2916 per share. The ex-dividend date was Friday, November 1st. This represents a $3.50 annualized dividend and a dividend yield of 3.71%. This is a boost 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.