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

PFG Advisors bought a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the third quarter, Holdings Channel reports. The institutional investor 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. HUB Investment Partners LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.1% during the 3rd quarter. HUB Investment Partners LLC now owns 9,448 shares of the exchange traded fund’s stock valued at $911,000 after acquiring an additional 104 shares during 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 third 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 last quarter. FDx Advisors Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 4.8% during the second quarter. FDx Advisors Inc. now owns 2,349 shares of the exchange traded fund’s stock worth $225,000 after purchasing an additional 107 shares during the last quarter. M3 Advisory Group LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 2.1% during the third 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. Finally, Hantz Financial Services Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 23.4% during the third quarter. Hantz Financial Services Inc. now owns 676 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors 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 company’s 50-day moving average is $96.44 and its two-hundred day moving average is $96.59. 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 $47.11 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.2828 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.5%.

iShares 7-10 Year Treasury Bond ETF 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.