Sagespring Wealth Partners LLC Invests $2.32 Million in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Sagespring Wealth Partners LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,072 shares of the exchange traded fund’s stock, valued at approximately $2,318,000.

Other large investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its position in iShares 7-10 Year Treasury Bond ETF by 13.2% during the 4th quarter. Vontobel Holding Ltd. now owns 2,579 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 301 shares during the period. Greatmark Investment Partners Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 1.9% during the fourth quarter. Greatmark Investment Partners Inc. now owns 34,101 shares of the exchange traded fund’s stock worth $3,153,000 after acquiring an additional 625 shares during the period. Beam Wealth Advisors Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 3.7% during the fourth quarter. Beam Wealth Advisors Inc. now owns 36,617 shares of the exchange traded fund’s stock worth $3,385,000 after acquiring an additional 1,303 shares during the period. Syntax Research Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 12.7% during the fourth quarter. Syntax Research Inc. now owns 53,563 shares of the exchange traded fund’s stock valued at $4,952,000 after acquiring an additional 6,019 shares in the last quarter. Finally, Portland Global Advisors LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 5.3% in the fourth quarter. Portland Global Advisors LLC now owns 183,848 shares of the exchange traded fund’s stock valued at $16,997,000 after acquiring an additional 9,264 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $93.51 on Friday. The company has a market capitalization of $37.33 billion, a PE ratio of -22.63 and a beta of 0.05. The company’s fifty day moving average price is $94.40 and its 200 day moving average price is $94.15. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were issued a $0.3037 dividend. This represents a $3.64 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Tuesday, 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.