Brookstone Capital Management Reduces Its Holding in iShares 7-10 Year Treasury Bond ETF

On January 15, 2025, it was reported that Brookstone Capital Management has decreased its stake in the iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Free Report) by 16.4% during the fourth quarter of the previous year. According to the latest Form 13F filing with the Securities and Exchange Commission (SEC), the firm now owns 55,972 shares of the ETF after selling 11,007 shares in that quarter. As per the recent filing, the value of Brookstone Capital Management’s holdings in the iShares 7-10 Year Treasury Bond ETF amounts to approximately $5,175,000.

Additionally, other hedge funds have also been adjusting their positions in this ETF. For instance, Fiduciary Alliance LLC increased its stake by 3.6% in the fourth quarter, acquiring 195 additional shares to reach a total of 5,544 shares, valued at $513,000. Similarly, City Center Advisors LLC entered a new position in the ETF valued at $210,000 during the same period. Matrix Trust Co grew its holdings by 5.2%, now possessing 3,328 shares worth $308,000 after purchasing 164 shares. A significant increase was noted from ORG Wealth Partners LLC, which raised its position by a remarkable 1,162.6%. They added 32,844 shares, bringing their total to 35,669 shares valued at $3,298,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake by 9.5%, resulting in ownership of 1,601,474 shares valued at $157,136,000. Overall, 81.48% of the stock is held by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Status

As of the latest trading session, shares of the iShares 7-10 Year Treasury Bond ETF opened at $91.20. The stock's 50-day moving average stands at $93.35, while the 200-day moving average is at $95.29. The ETF has a market capitalization of $30.91 billion, with a price-to-earnings ratio of -21.67, indicating low share price relative to earnings, and a beta of 0.05, reflecting low volatility compared to the market. The trading range for the past year saw a low of $91.02 and a high of $99.18.

Dividend Increase Announcement

Moreover, the iShares 7-10 Year Treasury Bond ETF has recently announced an increase in its monthly dividend. The latest dividend of $0.3075 per share was distributed on December 23rd to investors who were on record as of December 18th. This marked an increase from the previous monthly dividend amount of $0.29. The ex-dividend date was also December 18th. Annually, this translates to a total dividend payout of $3.69, corresponding to a yield of approximately 4.05%.

Understanding iShares 7-10 Year Treasury Bond ETF

The iShares 7-10 Year Treasury Bond ETF is an exchange-traded fund that aims to replicate the investment performance of U.S. Treasury bonds with remaining maturities between seven and ten years. This ETF seeks to track the investment results of the Barclays U.S. government bond indices.

Brookstone, Investment, ETFs