USA Financial Formulas Purchases New Stake in iShares 7-10 Year Treasury Bond ETF $IEF

USA Financial Formulas purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 105,218 shares of the exchange traded fund’s stock, valued at approximately $9,397,000. iShares 7-10 Year Treasury Bond ETF makes up 1.8% of USA Financial Formulas’ portfolio, making the stock its 5th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in iShares 7-10 Year Treasury Bond ETF by 12.5% during the second quarter. Van ECK Associates Corp now owns 1,019 shares of the exchange traded fund’s stock valued at $96,000 after purchasing an additional 113 shares in the last quarter. Wetzel Investment Advisors Inc. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% in the 3rd quarter. Wetzel Investment Advisors Inc. now owns 2,371 shares of the exchange traded fund’s stock valued at $212,000 after purchasing an additional 118 shares in the last quarter. CX Institutional boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 36.7% in the 3rd quarter. CX Institutional now owns 469 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 126 shares in the last quarter. KPP Advisory Services LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.5% in the 1st quarter. KPP Advisory Services LLC now owns 3,207 shares of the exchange traded fund’s stock valued at $306,000 after purchasing an additional 138 shares during the last quarter. Finally, Dogwood Wealth Management LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 8.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 1,866 shares of the exchange traded fund’s stock valued at $176,000 after purchasing an additional 144 shares during the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $90.42 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $88.64 and a 52 week high of $98.04. The stock has a market capitalization of $41.53 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock has a fifty day moving average of $91.29 and a 200-day moving average of $93.24.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.3069 dividend. This represents a $3.68 annualized dividend and a yield of 4.1%. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date of this dividend was Thursday, October 1st.

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.