Legacy Advisors LLC Takes Position in iShares 7-10 Year Treasury Bond ETF $IEF

Legacy Advisors LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 23,561 shares of the exchange traded fund’s stock, valued at approximately $2,228,000.

Other hedge funds have also added to or reduced their stakes in the company. Legacy Wealth Partners LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 159.7% in the first quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock valued at $2,064,000 after buying an additional 13,298 shares in the last quarter. Merit Financial Group LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 415.4% during the fourth quarter. Merit Financial Group LLC now owns 11,417 shares of the exchange traded fund’s stock worth $1,098,000 after acquiring an additional 9,202 shares in the last quarter. Jessup Wealth Management Inc lifted its stake in iShares 7-10 Year Treasury Bond ETF by 4.9% in the fourth quarter. Jessup Wealth Management Inc now owns 114,509 shares of the exchange traded fund’s stock valued at $11,011,000 after acquiring an additional 5,384 shares during the last quarter. Innova Wealth Partners lifted its stake in iShares 7-10 Year Treasury Bond ETF by 1,282.5% in the first quarter. Innova Wealth Partners now owns 68,159 shares of the exchange traded fund’s stock valued at $6,505,000 after acquiring an additional 63,229 shares during the last quarter. Finally, Arkos Global Advisors grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% in the 4th quarter. Arkos Global Advisors now owns 598,275 shares of the exchange traded fund’s stock valued at $57,530,000 after acquiring an additional 29,597 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $93.04 on Friday. The firm has a market capitalization of $47.21 billion, a PE ratio of -22.00 and a beta of 0.26. The company’s 50-day moving average is $93.70 and its 200-day moving average is $94.87. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.69 and a fifty-two week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a dividend of $0.3175 per share. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.