SageGuard Financial Group LLC Boosts Stake in iShares 7-10 Year Treasury Bond ETF $IEF

SageGuard Financial Group LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1,817.6% in the 1st quarter, Holdings Channel reports. The firm owned 67,712 shares of the exchange traded fund’s stock after purchasing an additional 64,181 shares during the period. SageGuard Financial Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Detalus Advisors LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 16.0% during the first quarter. Detalus Advisors LLC now owns 2,890 shares of the exchange traded fund’s stock worth $276,000 after purchasing an additional 399 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 460.9% in the first quarter. Apollon Wealth Management LLC now owns 35,351 shares of the exchange traded fund’s stock valued at $3,374,000 after buying an additional 29,049 shares in the last quarter. Formidable Asset Management LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the first quarter. Formidable Asset Management LLC now owns 23,222 shares of the exchange traded fund’s stock valued at $2,233,000 after buying an additional 948 shares in the last quarter. Patton Fund Management Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.8% in the first quarter. Patton Fund Management Inc. now owns 509,552 shares of the exchange traded fund’s stock valued at $48,632,000 after buying an additional 28,073 shares in the last quarter. Finally, Red Door Wealth Management LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at $496,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $95.03 on Monday. The stock’s 50-day moving average price is $94.46 and its 200 day moving average price is $95.54. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.94 and a 12-month high of $98.04. The firm has a market cap of $48.47 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a dividend of $0.3172 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date was Monday, June 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.