PFG Advisors Acquires Shares of 158,342 iShares 7-10 Year Treasury Bond ETF $IEF

PFG Advisors bought a new stake in 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 & Exchange Commission. The firm bought 158,342 shares of the exchange traded fund’s stock, valued at approximately $15,274,000.

Several other institutional investors have also modified their holdings of the stock. Bison Wealth LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 115.6% in the 4th quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock valued at $19,602,000 after buying an additional 113,663 shares in the last quarter. First Horizon Advisors Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF by 486.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,212 shares of the exchange traded fund’s stock worth $212,000 after buying an additional 1,835 shares in the last quarter. Savant Capital LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.7% during the second quarter. Savant Capital LLC now owns 4,290 shares of the exchange traded fund’s stock valued at $411,000 after acquiring an additional 230 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at approximately $298,000. Finally, Sound View Wealth Advisors Group LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 2.2% during the second quarter. Sound View Wealth Advisors Group LLC now owns 13,543 shares of the exchange traded fund’s stock valued at $1,297,000 after acquiring an additional 290 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ IEF opened at $96.45 on Monday. The stock’s 50 day simple moving average is $96.44 and its 200-day simple moving average is $96.59. The company has a market cap of $47.11 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.79 and a 1-year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.2828 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, March 2nd.

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.