Cedar Wealth Management LLC Purchases Shares of 592 iShares 7-10 Year Treasury Bond ETF $IEF

Cedar Wealth Management LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 592 shares of the exchange traded fund’s stock, valued at approximately $57,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 69.1% during the second quarter. SG Americas Securities LLC now owns 331,839 shares of the exchange traded fund’s stock worth $31,780,000 after purchasing an additional 135,611 shares during the period. Empower Advisory Group LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 33.8% in the second quarter. Empower Advisory Group LLC now owns 3,154 shares of the exchange traded fund’s stock valued at $302,000 after buying an additional 796 shares during the period. Foundations Investment Advisors LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 112.0% in the second quarter. Foundations Investment Advisors LLC now owns 172,273 shares of the exchange traded fund’s stock valued at $16,499,000 after buying an additional 90,998 shares during the period. Davies Financial Advisors Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $1,552,000. Finally, Evolution Wealth Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $386,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.2%

Shares of IEF stock opened at $96.44 on Friday. The firm has a 50 day moving average of $96.85 and a 200-day moving average of $95.52. The company has a market cap of $40.23 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were paid a $0.3038 dividend. This represents a c) annualized dividend and a yield of 3.8%. 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 Monday, November 3rd.

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.