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

Independent Advisor Alliance grew its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 70.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,563 shares of the exchange traded fund’s stock after purchasing an additional 7,261 shares during the quarter. Independent Advisor Alliance’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,694,000 as of its most recent SEC filing.

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

iShares 7-10 Year Treasury Bond ETF Trading Down 0.5%

Shares of IEF stock opened at $95.44 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.08 and a 12-month high of $97.77. The business’s 50 day moving average is $96.35 and its two-hundred day moving average is $96.32. The company 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 business also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be paid a $0.312 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%.

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.