Sowell Financial Services LLC Boosts Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Sowell Financial Services LLC grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 50.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,390 shares of the exchange traded fund’s stock after purchasing an additional 8,201 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of IEF. Bison Wealth LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 115.6% in the fourth quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock valued at $19,602,000 after acquiring an additional 113,663 shares in the last quarter. StoneX Group Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $213,000. The Manufacturers Life Insurance Company increased its stake in iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after buying an additional 616,905 shares during the period. Ausdal Financial Partners Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 7.5% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 4,703 shares of the exchange traded fund’s stock worth $450,000 after acquiring an additional 329 shares during the period. Finally, Camarda Financial Advisors LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 7.7% in the second quarter. Camarda Financial Advisors LLC now owns 12,751 shares of the exchange traded fund’s stock valued at $1,221,000 after acquiring an additional 913 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of IEF stock opened at $92.96 on Thursday. The company has a market cap of $47.17 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The stock has a 50 day simple moving average of $93.73 and a 200-day simple moving average of $94.90. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.69 and a 12-month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.3175 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 3rd.

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.