Savvy Advisors Inc. Buys Shares of 6,881 iShares 7-10 Year Treasury Bond ETF $IEF

Savvy Advisors Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,881 shares of the exchange traded fund’s stock, valued at approximately $662,000.

Other large investors have also recently added to or reduced their stakes in the company. HUB Investment Partners LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 1.1% during the third quarter. HUB Investment Partners LLC now owns 9,448 shares of the exchange traded fund’s stock worth $911,000 after acquiring an additional 104 shares during the last quarter. Spirit of America Management Corp NY grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.7% in the third quarter. Spirit of America Management Corp NY now owns 6,280 shares of the exchange traded fund’s stock valued at $606,000 after purchasing an additional 105 shares during the last quarter. M3 Advisory Group LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.1% during the 3rd quarter. M3 Advisory Group LLC now owns 6,155 shares of the exchange traded fund’s stock worth $594,000 after purchasing an additional 125 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 23.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 676 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 128 shares in the last quarter. Finally, Intergy Private Wealth LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% during the 3rd quarter. Intergy Private Wealth LLC now owns 4,688 shares of the exchange traded fund’s stock worth $452,000 after purchasing an additional 136 shares during the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock opened at $95.25 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $92.79 and a 1 year high of $98.04. The stock’s 50 day moving average price is $96.14 and its 200 day moving average price is $96.44. The firm has a market cap of $48.98 billion, a P/E ratio of -22.00 and a beta of 0.28.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were issued a $0.3172 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.28. The ex-dividend date was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%.

iShares 7-10 Year Treasury Bond ETF 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.