Sage Private Wealth Group LLC Acquires 50,206 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Sage Private Wealth Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,206 shares of the exchange traded fund’s stock, valued at approximately $4,484,000. iShares 7-10 Year Treasury Bond ETF makes up 1.5% of Sage Private Wealth Group LLC’s portfolio, making the stock its 18th largest holding.

A number of other hedge funds have also made changes to their positions in the business. Windsor Advisory Group LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at $27,000. Compass Financial Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $29,000. Strive Financial Group LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 483.0% in the 2nd quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 256 shares in the last quarter. West Branch Capital LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 63.3% in the 3rd quarter. West Branch Capital LLC now owns 343 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 133 shares in the last quarter. Finally, Navigoe LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF opened at $90.23 on Thursday. The business’s 50-day moving average is $91.13 and its two-hundred day moving average is $93.12. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $88.64 and a 12 month high of $98.04. The firm has a market capitalization of $41.51 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.3069 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. This represents a $3.68 annualized dividend and a dividend yield of 4.1%.

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.