Independent Financial Group LLC Makes New 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 first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,713 shares of the exchange traded fund’s stock, valued at approximately $1,213,000.

Several other hedge funds have also made changes to their positions in IEF. Fisher Asset Management LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 53.8% during the fourth quarter. Fisher Asset Management LLC now owns 134,832,971 shares of the exchange traded fund’s stock valued at $12,965,539,000 after buying an additional 47,170,533 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 28.1% in the 4th quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock valued at $3,287,698,000 after purchasing an additional 7,506,518 shares in the last quarter. Morgan Stanley lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 19.1% in the 4th quarter. Morgan Stanley now owns 17,039,671 shares of the exchange traded fund’s stock worth $1,638,535,000 after purchasing an additional 2,737,040 shares during the period. Captrust Financial Advisors lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% in the 2nd quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock worth $956,908,000 after purchasing an additional 495,772 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,487,110 shares of the exchange traded fund’s stock valued at $816,120,000 after purchasing an additional 72,188 shares in the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of IEF stock opened at $93.54 on Tuesday. The firm has a market cap of $47.37 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The company’s 50 day moving average is $94.04 and its 200 day moving average is $95.27. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.94 and a 52-week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

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

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.