Cadence Wealth Management LLC Invests $6.29 Million in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Cadence Wealth Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 68,002 shares of the exchange traded fund’s stock, valued at approximately $6,287,000. iShares 7-10 Year Treasury Bond ETF accounts for approximately 4.2% of Cadence Wealth Management LLC’s investment portfolio, making the stock its 8th largest position.

Several other hedge funds also recently modified their holdings of IEF. Fisher Asset Management LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 104.5% in the 3rd quarter. Fisher Asset Management LLC now owns 41,653,513 shares of the exchange traded fund’s stock valued at $4,087,043,000 after acquiring an additional 21,282,662 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 333,731.3% during the fourth quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock valued at $1,444,683,000 after purchasing an additional 15,621,963 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at about $725,489,000. JPMorgan Chase & Co. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 37.5% during the third quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock valued at $2,724,153,000 after purchasing an additional 7,579,169 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 233.7% during the third quarter. Bank of Montreal Can now owns 7,700,921 shares of the exchange traded fund’s stock valued at $757,694,000 after purchasing an additional 5,393,398 shares during the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.1 %

NASDAQ IEF opened at $94.56 on Tuesday. The company has a market cap of $32.58 billion, a PE ratio of -22.34 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The firm’s 50-day simple moving average is $93.33 and its two-hundred day simple moving average is $94.60.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.2754 dividend. The ex-dividend date was Monday, March 3rd.

iShares 7-10 Year Treasury Bond ETF Company 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.