iShares 7-10 Year Treasury Bond ETF $IEF Shares Bought by Cadence Wealth Management LLC

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, Holdings Channel reports. The firm owned 146,531 shares of the exchange traded fund’s stock after acquiring an additional 23,819 shares during the quarter. 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 SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IEF. Grey Fox Wealth Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $27,000. Cornerstone Planning Group LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 249.4% in 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 during the last quarter. Silicon Valley Capital Partners bought a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $37,000. Finally, WFA of San Diego LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $40,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

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

IEF stock opened at $97.21 on Friday. The stock has a market cap of $47.48 billion, a PE ratio of -22.00 and a beta of 0.26. The firm’s 50-day simple moving average is $96.20 and its 200 day simple moving average is $96.39. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.76 and a fifty-two week high of $97.77.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.312 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%.

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.