Twele Capital Management Inc. Grows Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Twele Capital Management Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 435,501 shares of the exchange traded fund’s stock after buying an additional 23,605 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises approximately 8.5% of Twele Capital Management Inc.’s holdings, making the stock its 4th largest holding. Twele Capital Management Inc. owned approximately 0.13% of iShares 7-10 Year Treasury Bond ETF worth $40,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Logan Capital Management Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $25,000. Hazlett Burt & Watson Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $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. Dunhill Financial LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $38,000. Finally, Rakuten Securities Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 45.1% in the third quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 153 shares during the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 1.1 %

Shares of IEF stock opened at $92.16 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18. The business’s fifty day simple moving average is $93.33 and its 200-day simple moving average is $95.27. The company has a market cap of $31.23 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.3075 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 dividend on an annualized basis and a yield of 4.00%.

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.