Independence Financial Advisors LLC Grows Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Independence Financial Advisors LLC grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 58.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191,564 shares of the exchange traded fund’s stock after acquiring an additional 70,895 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises about 5.6% of Independence Financial Advisors LLC’s portfolio, making the stock its 4th biggest position. Independence Financial Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $18,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Silicon Valley Capital Partners purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $37,000. WFA of San Diego LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $40,000. Richards Merrill & Peterson Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $48,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $52,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

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

NASDAQ:IEF opened at $96.30 on Friday. The stock has a market capitalization of $45.71 billion, a PE ratio of -22.00 and a beta of 0.26. The stock’s 50-day moving average price is $96.59 and its 200-day moving average price is $96.17. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a $0.3127 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, December 19th.

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.