Wealth Alliance LLC Purchases Shares of 38,421 iShares 7-10 Year Treasury Bond ETF $IEF

Wealth Alliance LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,421 shares of the exchange traded fund’s stock, valued at approximately $3,706,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in IEF. Grey Fox Wealth Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $27,000. Balentine LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $29,000. Cornerstone Planning Group LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 249.4% during the third quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 222 shares during the period. Silicon Valley Capital Partners bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $32,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $37,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $97.10 on Friday. The firm has a market cap of $47.42 billion, a PE ratio of -22.00 and a beta of 0.26. The business’s 50 day simple moving average is $96.26 and its 200 day simple moving average is $96.45. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.79 and a 52-week high of $97.77.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.312 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, February 2nd.

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.