Avalon Capital Management Makes New Investment in iShares 7-10 Year Treasury Bond ETF $IEF

Avalon Capital Management acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 93,437 shares of the exchange traded fund’s stock, valued at approximately $9,013,000. iShares 7-10 Year Treasury Bond ETF makes up about 2.2% of Avalon Capital Management’s holdings, making the stock its 15th largest position.

A number of other hedge funds also recently made changes to their positions in the stock. Silicon Valley Capital Partners bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at $37,000. WFA of San Diego LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $40,000. Richards Merrill & Peterson Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $48,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $52,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.1%

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $96.30 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $97.77. The stock’s 50-day simple moving average is $96.62 and its 200-day simple moving average is $96.16. The company has a market capitalization of $45.53 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a dividend of $0.3127 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 3.9%.

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.