Cadence Wealth Management LLC Buys 23,819 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Cadence Wealth Management LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 19.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,531 shares of the exchange traded fund’s stock after acquiring an additional 23,819 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises approximately 7.4% of Cadence Wealth Management LLC’s holdings, making the stock its 4th biggest position. Cadence Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $14,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $27,000. Cornerstone Planning Group LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 249.4% during the third quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 222 shares in the last quarter. Silicon Valley Capital Partners bought a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $37,000. Finally, WFA of San Diego LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $40,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4%

Shares of NASDAQ IEF opened at $97.21 on Friday. The company has a market capitalization of $47.48 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.76 and a twelve month high of $97.77. The business has a 50 day simple moving average of $96.20 and a 200-day simple moving average of $96.39.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.312 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, February 2nd.

iShares 7-10 Year Treasury Bond ETF 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.