Ascent Advisors LLC Invests $6.93 Million in iShares 7-10 Year Treasury Bond ETF $IEF

Ascent Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 72,634 shares of the exchange traded fund’s stock, valued at approximately $6,932,000. iShares 7-10 Year Treasury Bond ETF makes up approximately 11.0% of Ascent Advisors LLC’s investment portfolio, making the stock its 2nd largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Arkos Global Advisors boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.0% during the third quarter. Arkos Global Advisors now owns 568,678 shares of the exchange traded fund’s stock worth $54,855,000 after buying an additional 21,893 shares in the last quarter. Legacy Wealth Partners LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 159.7% during the first quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock worth $2,064,000 after buying an additional 13,298 shares during the period. Center For Asset Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at about $954,000. ABLE Financial Group LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 30.7% in the fourth quarter. ABLE Financial Group LLC now owns 22,362 shares of the exchange traded fund’s stock valued at $2,150,000 after buying an additional 5,255 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.3% during the 4th quarter. Assetmark Inc. now owns 1,007,769 shares of the exchange traded fund’s stock valued at $96,907,000 after acquiring an additional 13,133 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

Shares of NASDAQ:IEF opened at $93.51 on Thursday. The business’s 50 day simple moving average is $94.24 and its 200-day simple moving average is $95.42. The firm has a market capitalization of $46.76 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.94 and a 12 month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.3111 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

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.