iShares 7-10 Year Treasury Bond ETF $IEF Shares Acquired by Independent Advisor Alliance

Independent Advisor Alliance increased its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 70.5% in the 3rd quarter, Holdings Channel reports. The firm owned 17,563 shares of the exchange traded fund’s stock after purchasing an additional 7,261 shares during the period. Independent Advisor Alliance’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,694,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Grey Fox Wealth Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $27,000. Silicon Valley Capital Partners acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $37,000. WFA of San Diego LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth approximately $40,000. Finally, Richards Merrill & Peterson Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $48,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $95.44 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.08 and a fifty-two week high of $97.77. The stock’s fifty day moving average is $96.35 and its two-hundred day moving average is $96.32. The firm has a market capitalization of $45.70 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be paid a $0.312 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, February 2nd.

iShares 7-10 Year Treasury Bond ETF Company 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.