61,400 Shares in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Purchased by SFG Wealth Management LLC.

SFG Wealth Management LLC. acquired a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 61,400 shares of the exchange traded fund’s stock, valued at approximately $5,856,000. iShares 7-10 Year Treasury Bond ETF comprises 2.9% of SFG Wealth Management LLC.’s portfolio, making the stock its 5th biggest holding.

A number of other hedge funds have also recently made changes to their positions in IEF. Trivant Custom Portfolio Group LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 72.2% in the 1st quarter. Trivant Custom Portfolio Group LLC now owns 303 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 127 shares during the period. BankPlus Trust Department acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $31,000. Wood Tarver Financial Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth approximately $37,000. Park Square Financial Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $37,000. Finally, Menard Financial Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $95.30 on Thursday. The company has a market cap of $34.50 billion, a P/E ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $99.18. The business has a fifty day moving average of $94.37 and a two-hundred day moving average of $93.90.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.3101 per share. The ex-dividend date was Monday, June 2nd. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.91%.

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.