MFA Wealth Services Makes New Investment in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

MFA Wealth Services acquired a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 25,755 shares of the exchange traded fund’s stock, valued at approximately $2,381,000. iShares 7-10 Year Treasury Bond ETF accounts for about 1.9% of MFA Wealth Services’ investment portfolio, making the stock its 11th largest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IEF. CWM LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 109.5% during the third quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock worth $13,274,000 after buying an additional 70,696 shares in the last quarter. Lake Hills Wealth Management LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 27.6% during the 3rd quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock worth $6,753,000 after acquiring an additional 14,906 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 62.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 19,498 shares of the exchange traded fund’s stock worth $1,913,000 after acquiring an additional 7,508 shares in the last quarter. Stablepoint Partners LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 34.3% in the third quarter. Stablepoint Partners LLC now owns 23,186 shares of the exchange traded fund’s stock valued at $2,275,000 after acquiring an additional 5,916 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $92.28 on Friday. 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 cap of $31.50 billion, a PE ratio of -21.67 and a beta of 0.05. The stock’s fifty day moving average price is $93.20 and its two-hundred day moving average price is $95.23.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors 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 positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 annualized dividend 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.