Independent Advisor Alliance Makes New $2.05 Million Investment in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Independent Advisor Alliance bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,185 shares of the exchange traded fund’s stock, valued at approximately $2,051,000.

Several other large investors have also recently made changes to their positions in the business. Logan Capital Management Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth about $25,000. Montag A & Associates Inc. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% during the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 160 shares during the last quarter. BankPlus Trust Department purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $31,000. Van ECK Associates Corp bought a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $35,000. Finally, Dunhill Financial LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $38,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of IEF stock opened at $94.81 on Friday. The firm has a market capitalization of $32.66 billion, a PE ratio of -22.34 and a beta of 0.05. The company has a 50 day moving average price of $93.24 and a 200-day moving average price of $94.68. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.2754 per share. The ex-dividend date was Monday, March 3rd.

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.