Sowell Financial Services LLC Purchases 10,089 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Sowell Financial Services LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 229.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,483 shares of the exchange traded fund’s stock after acquiring an additional 10,089 shares during the period. Sowell Financial Services LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,393,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 52.1% in the third quarter. Fisher Asset Management LLC now owns 87,662,438 shares of the exchange traded fund’s stock valued at $8,455,919,000 after acquiring an additional 30,011,547 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 28.2% in the third quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock valued at $1,443,272,000 after acquiring an additional 3,291,267 shares during the last quarter. Armstrong Advisory Group Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2,754.6% in the fourth quarter. Armstrong Advisory Group Inc. now owns 707,015 shares of the exchange traded fund’s stock valued at $67,987,000 after acquiring an additional 682,247 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the second quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after acquiring an additional 616,905 shares during the last quarter. Finally, Soros Fund Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $47,885,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.3%

NASDAQ:IEF opened at $95.25 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $92.79 and a 1 year high of $98.04. The firm has a 50 day moving average of $96.14 and a 200-day moving average of $96.44. The stock has a market capitalization of $48.98 billion, a P/E ratio of -22.00 and a beta of 0.28.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were issued a $0.3172 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.28. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Wednesday, April 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.