Syntax Research Inc. Buys 52,553 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Syntax Research Inc. grew its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 59.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,033 shares of the exchange traded fund’s stock after purchasing an additional 52,553 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up approximately 9.8% of Syntax Research Inc.’s portfolio, making the stock its 2nd largest holding. Syntax Research Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $13,337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Legacy Wealth Partners LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 159.7% during the first quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock valued at $2,064,000 after acquiring an additional 13,298 shares during the period. Jessup Wealth Management Inc increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% in the fourth quarter. Jessup Wealth Management Inc now owns 114,509 shares of the exchange traded fund’s stock worth $11,011,000 after purchasing an additional 5,384 shares during the period. Bayshore Capital Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth about $891,000. Arkos Global Advisors boosted its stake in iShares 7-10 Year Treasury Bond ETF by 5.2% during the 4th quarter. Arkos Global Advisors now owns 598,275 shares of the exchange traded fund’s stock valued at $57,530,000 after purchasing an additional 29,597 shares during the period. Finally, Resonant Capital Advisors LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at approximately $1,868,000. 81.48% of the stock is owned by institutional investors.

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

Shares of NASDAQ IEF opened at $92.28 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.04 and a 12 month high of $98.04. The company has a market cap of $46.82 billion, a P/E ratio of -22.00 and a beta of 0.26. The business’s 50 day moving average is $93.33 and its two-hundred day moving average is $94.54.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st will be paid a $0.332 dividend. The ex-dividend date is Tuesday, September 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a dividend yield of 4.3%.

iShares 7-10 Year Treasury Bond ETF 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. 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.