ORG Wealth Partners LLC Buys 32,844 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

ORG Wealth Partners LLC grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1,162.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,669 shares of the exchange traded fund’s stock after acquiring an additional 32,844 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises approximately 1.2% of ORG Wealth Partners LLC’s investment portfolio, making the stock its 9th biggest position. ORG Wealth Partners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,298,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IEF. Logan Capital Management Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth $25,000. Hazlett Burt & Watson Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $34,000. Van ECK Associates Corp acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth $35,000. Dunhill Financial LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $38,000. Finally, Rakuten Securities Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 45.1% during the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock traded down $0.53 during mid-day trading on Friday, reaching $91.47. The company had a trading volume of 3,013,325 shares, compared to its average volume of 4,415,196. The firm has a fifty day simple moving average of $93.52 and a 200 day simple moving average of $95.33. 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. The company has a market capitalization of $31.04 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 company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.3075 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Wednesday, December 18th.

iShares 7-10 Year Treasury Bond ETF Company 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.