NewEdge Wealth LLC Makes New $1.69 Million Investment in iShares 7-10 Year Treasury Bond ETF $IEF

NewEdge Wealth LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,707 shares of the exchange traded fund’s stock, valued at approximately $1,690,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Legacy Wealth Partners LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 159.7% in the first quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock worth $2,064,000 after purchasing an additional 13,298 shares during the last quarter. ABLE Financial Group LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 30.7% during the 4th quarter. ABLE Financial Group LLC now owns 22,362 shares of the exchange traded fund’s stock valued at $2,150,000 after buying an additional 5,255 shares during the last quarter. Center For Asset Management LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $954,000. Assetmark Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 1.3% during the 4th quarter. Assetmark Inc. now owns 1,007,769 shares of the exchange traded fund’s stock valued at $96,907,000 after buying an additional 13,133 shares during the last quarter. Finally, Greenleaf Trust lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 250.0% during the 4th quarter. Greenleaf Trust now owns 769,541 shares of the exchange traded fund’s stock valued at $73,999,000 after buying an additional 549,696 shares during the period. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $93.03 on Monday. The company has a market cap of $47.12 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $92.76 and a 1 year high of $98.04. The stock’s fifty day moving average price is $93.96 and its 200-day moving average price is $95.18.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.3111 dividend. The ex-dividend date of this dividend was Wednesday, July 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.