NewEdge Wealth LLC Buys New Position in iShares 7-10 Year Treasury Bond ETF $IEF

NewEdge Wealth LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the first quarter, HoldingsChannel reports. The institutional investor bought 17,707 shares of the exchange traded fund’s stock, valued at approximately $1,690,000.

Other institutional investors have also added to or reduced their stakes in the company. Elevated Capital Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $25,000. IFC & Insurance Marketing Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $29,000. Capital Investment Counsel Inc purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $31,000. Finally, McIlrath & Eck LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 882.4% in the 4th quarter. McIlrath & Eck LLC now owns 334 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $93.03 on Monday. The stock has a market cap of $47.12 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock’s fifty day moving average is $93.96 and its 200 day moving average is $95.18. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.76 and a one year 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 given a $0.3111 dividend. The ex-dividend date 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.