Zhang Financial LLC Acquires 9,078 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Zhang Financial LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 203.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,541 shares of the exchange traded fund’s stock after acquiring an additional 9,078 shares during the quarter. Zhang Financial LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in IEF. Elevated Capital Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $25,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $29,000. Capital Investment Counsel Inc bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $31,000. Finally, McIlrath & Eck LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 882.4% during the 4th quarter. McIlrath & Eck LLC now owns 334 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 300 shares during the period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF opened at $93.84 on Friday. The firm has a market capitalization of $47.29 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.94 and a one year high of $98.04. The business has a fifty day moving average price of $94.07 and a 200-day moving average price of $95.29.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.3111 per share. The ex-dividend date of this dividend was Wednesday, July 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. 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.