Savvy Advisors Inc. Acquires New Stake in iShares 7-10 Year Treasury Bond ETF $IEF

Savvy Advisors Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,881 shares of the exchange traded fund’s stock, valued at approximately $662,000.

Several other hedge funds also recently made changes to their positions in the company. HUB Investment Partners LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 1.1% during the third quarter. HUB Investment Partners LLC now owns 9,448 shares of the exchange traded fund’s stock worth $911,000 after purchasing an additional 104 shares in the last quarter. Spirit of America Management Corp NY increased its position in iShares 7-10 Year Treasury Bond ETF by 1.7% during the 3rd quarter. Spirit of America Management Corp NY now owns 6,280 shares of the exchange traded fund’s stock worth $606,000 after purchasing an additional 105 shares during the period. M3 Advisory Group LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 2.1% during the 3rd quarter. M3 Advisory Group LLC now owns 6,155 shares of the exchange traded fund’s stock worth $594,000 after purchasing an additional 125 shares during the period. Hantz Financial Services Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 23.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 676 shares of the exchange traded fund’s stock worth $65,000 after buying an additional 128 shares in the last quarter. Finally, Intergy Private Wealth LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% during the 3rd quarter. Intergy Private Wealth LLC now owns 4,688 shares of the exchange traded fund’s stock worth $452,000 after buying an additional 136 shares in 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

Shares of IEF stock opened at $95.25 on Wednesday. The business’s fifty day moving average price is $96.14 and its 200 day moving average price is $96.44. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.79 and a 1-year high of $98.04. The firm has a market capitalization of $48.98 billion, a PE ratio of -22.00 and a beta of 0.28.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.3172 per share. The ex-dividend date was Wednesday, April 1st. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.28. This represents a c) annualized dividend and a yield of 4.0%.

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.