Sequoia Financial Advisors LLC Purchases 12,297 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Sequoia Financial Advisors LLC increased its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 121.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 22,401 shares of the exchange traded fund’s stock after acquiring an additional 12,297 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Elevated Capital Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth approximately $25,000. IFC & Insurance Marketing Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $28,000. Asset Dedication LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $29,000. Finally, Capital Investment Counsel Inc bought a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth $31,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $93.54 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.94 and a one year high of $98.04. The company’s fifty day moving average price is $94.13 and its two-hundred day moving average price is $95.34. The company has a market capitalization of $46.94 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.3111 per share. The ex-dividend date was Wednesday, July 1st.

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.