58,617 Shares in iShares 7-10 Year Treasury Bond ETF $IEF Purchased by Sun Financial Inc

Sun Financial Inc bought a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 4th quarter, Holdings Channel.com reports. The firm bought 58,617 shares of the exchange traded fund’s stock, valued at approximately $5,637,000. iShares 7-10 Year Treasury Bond ETF makes up 3.1% of Sun Financial Inc’s investment portfolio, making the stock its 4th biggest position.

Several other large investors have also recently added to or reduced their stakes in IEF. Elevated Capital Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $25,000. Grey Fox Wealth Advisors LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $27,000. Balentine LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Measured Wealth Private Client Group LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. Finally, Asset Dedication LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $29,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:IEF opened at $94.74 on Monday. The firm has a market capitalization of $48.33 billion, a PE ratio of -22.00 and a beta of 0.26. The business has a 50-day moving average of $95.83 and a two-hundred day moving average of $96.31. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $93.03 and a 12 month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.3125 per share. The ex-dividend date is Friday, May 1st. This represents a c) annualized dividend and a yield of 4.0%.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.