Cadence Wealth Management LLC Purchases 36,570 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Cadence Wealth Management LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 44.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 119,624 shares of the exchange traded fund’s stock after buying an additional 36,570 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for 4.8% of Cadence Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Cadence Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $11,417,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Wealth Partners LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 159.7% in the 1st quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock valued at $2,064,000 after acquiring an additional 13,298 shares during the period. Center For Asset Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $954,000. ABLE Financial Group LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 30.7% during the fourth quarter. ABLE Financial Group LLC now owns 22,362 shares of the exchange traded fund’s stock worth $2,150,000 after purchasing an additional 5,255 shares during the period. Assetmark Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 1.3% in the fourth quarter. Assetmark Inc. now owns 1,007,769 shares of the exchange traded fund’s stock valued at $96,907,000 after purchasing an additional 13,133 shares during the last quarter. Finally, Greenleaf Trust increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 250.0% in the fourth quarter. Greenleaf Trust now owns 769,541 shares of the exchange traded fund’s stock valued at $73,999,000 after purchasing an additional 549,696 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF opened at $93.31 on Wednesday. The company’s 50-day moving average is $94.02 and its 200-day moving average is $95.25. The firm has a market capitalization of $47.25 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.94 and a fifty-two week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.3111 dividend. The ex-dividend date of this dividend was Wednesday, July 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.