SPC Financial Inc. Buys 2,250 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

SPC Financial Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,891 shares of the exchange traded fund’s stock after acquiring an additional 2,250 shares during the quarter. SPC Financial Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,544,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Trivant Custom Portfolio Group LLC increased its stake in shares of 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 valued at $29,000 after acquiring an additional 127 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at $35,000. Morton Brown Family Wealth LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at $42,000. Beacon Capital Management LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 172.9% in the 1st quarter. Beacon Capital Management LLC now owns 554 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 351 shares in the last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $54,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.6%

NASDAQ:IEF opened at $96.91 on Friday. The company has a fifty day moving average of $96.19 and a 200-day moving average of $95.15. The firm has a market capitalization of $38.52 billion, a P/E ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.08 and a twelve month high of $97.51.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.2945 per share. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Wednesday, October 1st.

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.