iShares 7-10 Year Treasury Bond ETF $IEF is Prudent Investors Network Inc.’s 3rd Largest Position

Prudent Investors Network Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 17.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 418,241 shares of the exchange traded fund’s stock after purchasing an additional 63,340 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for 9.2% of Prudent Investors Network Inc.’s investment portfolio, making the stock its 3rd largest holding. Prudent Investors Network Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $40,218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IEF. Elevated Capital Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $25,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $27,000. Balentine LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $29,000. Asset Dedication LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $29,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.8%

IEF stock opened at $93.51 on Friday. The stock has a 50-day moving average price of $95.32 and a two-hundred day moving average price of $96.13. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $93.03 and a 12-month high of $98.04. The company has a market cap of $47.70 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a dividend of $0.3125 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, May 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.