Independent Financial Group LLC Makes New $1.21 Million Investment in iShares 7-10 Year Treasury Bond ETF $IEF

Independent Financial Group LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,713 shares of the exchange traded fund’s stock, valued at approximately $1,213,000.

Other hedge funds have also recently modified their holdings of the company. Elevated Capital Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth approximately $25,000. IFC & Insurance Marketing Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $28,000. Measured Wealth Private Client Group LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $29,000. Capital Investment Counsel Inc bought a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $31,000. Finally, McIlrath & Eck LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 882.4% in the fourth quarter. McIlrath & Eck LLC now owns 334 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 300 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.3%

NASDAQ:IEF opened at $93.54 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.94 and a twelve month high of $98.04. The company has a market cap of $47.37 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The stock has a fifty day simple moving average of $94.04 and a 200-day simple moving average of $95.27.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.3111 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

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.