Crumly & Associates Inc. Invests $266,000 in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Crumly & Associates Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the third quarter, HoldingsChannel reports. The firm purchased 2,706 shares of the exchange traded fund’s stock, valued at approximately $266,000.

A number of other institutional investors also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,943,561 shares of the exchange traded fund’s stock worth $1,212,164,000 after acquiring an additional 610,635 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 10.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock worth $1,060,398,000 after purchasing an additional 1,082,837 shares in the last quarter. Raymond James & Associates raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.8% in the 3rd quarter. Raymond James & Associates now owns 6,587,304 shares of the exchange traded fund’s stock worth $646,346,000 after purchasing an additional 240,449 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of 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 worth $595,656,000 after purchasing an additional 662,293 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.5% in the 3rd quarter. Blue Trust Inc. now owns 5,000,349 shares of the exchange traded fund’s stock worth $468,283,000 after purchasing an additional 168,097 shares in the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ IEF opened at $94.20 on Friday. The company’s 50 day simple moving average is $96.66 and its 200 day simple moving average is $95.17. 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 market capitalization of $33.46 billion, a P/E 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 was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.2916 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Friday, November 1st.

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.