Advisory Services Network LLC Buys 40,281 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Advisory Services Network LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 76.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,702 shares of the exchange traded fund’s stock after purchasing an additional 40,281 shares during the quarter. Advisory Services Network LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $8,797,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IEF. Twin Peaks Wealth Advisors LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $37,000. WFA of San Diego LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $40,000. Richards Merrill & Peterson Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at $48,000. Barnes Dennig Private Wealth Management LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth $52,000. Finally, Western Pacific Wealth Management LP acquired a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth $54,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEF opened at $96.19 on Monday. The company has a 50-day moving average price of $96.89 and a 200-day moving average price of $95.90. The stock has a market capitalization of $40.12 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.08 and a 1 year high of $97.77.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, December 1st were paid a dividend of $0.2884 per share. The ex-dividend date was Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 3.6%.

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.