Independence Financial Advisors LLC Purchases Shares of 153,215 iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Independence Financial Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 153,215 shares of the exchange traded fund’s stock, valued at approximately $14,612,000. iShares 7-10 Year Treasury Bond ETF comprises approximately 5.6% of Independence Financial Advisors LLC’s holdings, making the stock its 3rd largest position.

Several other institutional investors and hedge funds have also made changes to their positions in IEF. Trivant Custom Portfolio Group LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 72.2% in the 1st quarter. Trivant Custom Portfolio Group LLC now owns 303 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 127 shares during the period. Wayfinding Financial LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at approximately $35,000. Park Square Financial Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $37,000. Wood Tarver Financial Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $37,000. Finally, Menard Financial Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth $38,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $95.15 on Wednesday. The stock has a market cap of $35.19 billion, a PE ratio of -22.00 and a beta of 0.05. The firm has a fifty day moving average price of $94.46 and a 200 day moving average price of $94.23. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.08 and a 1 year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, July 7th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.3032 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.28. The ex-dividend date was Tuesday, 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.