Transamerica Financial Advisors Inc. Has $7.69 Million Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Transamerica Financial Advisors Inc. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 14.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,319 shares of the exchange traded fund’s stock after buying an additional 9,895 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up about 0.7% of Transamerica Financial Advisors Inc.’s holdings, making the stock its 23rd biggest position. Transamerica Financial Advisors Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $7,685,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Capital Investment Counsel Inc purchased a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $25,000. Innealta Capital LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $28,000. Hazlett Burt & Watson Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $34,000. Van ECK Associates Corp purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $35,000. Finally, Riggs Asset Managment Co. Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $36,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.2 %

NASDAQ IEF traded down $0.23 on Tuesday, reaching $94.38. The stock had a trading volume of 270,305 shares, compared to its average volume of 7,752,733. The business has a 50 day moving average price of $95.61 and a 200 day moving average price of $95.34. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18. The company has a market capitalization of $33.52 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 announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a $0.2916 dividend. The ex-dividend date was Friday, November 1st. This represents a $3.50 dividend on an annualized basis and a yield of 3.71%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly 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.