Independence Financial Advisors LLC Increases Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Independence Financial Advisors LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 58.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 191,564 shares of the exchange traded fund’s stock after purchasing an additional 70,895 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises about 5.6% of Independence Financial Advisors LLC’s holdings, making the stock its 4th largest holding. Independence Financial Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $18,478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Silicon Valley Capital Partners bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at about $32,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $37,000. WFA of San Diego LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $40,000. Richards Merrill & Peterson Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at approximately $48,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $52,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $96.30 on Friday. The business’s fifty day moving average is $96.59 and its 200 day moving average is $96.17. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $97.77. The stock has a market capitalization of $45.71 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were issued a $0.3127 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a yield of 3.9%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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. 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.