Siligmueller & Norvid Wealth Advisors LLC Invests $4.17 Million in iShares 7-10 Year Treasury Bond ETF $IEF

Siligmueller & Norvid Wealth Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 43,223 shares of the exchange traded fund’s stock, valued at approximately $4,173,000. iShares 7-10 Year Treasury Bond ETF makes up about 1.9% of Siligmueller & Norvid Wealth Advisors LLC’s portfolio, making the stock its 17th largest position.

Other hedge funds also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $27,000. Balentine LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $29,000. Cornerstone Planning Group LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 249.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 222 shares in the last quarter. Silicon Valley Capital Partners bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $32,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $97.09 on Friday. The stock has a market cap of $47.42 billion, a P/E ratio of -22.00 and a beta of 0.26. The firm has a 50 day moving average price of $96.28 and a 200 day moving average price of $96.46. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.79 and a 52-week high of $97.77.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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