USA Financial Formulas Buys New Position in iShares 7-10 Year Treasury Bond ETF $IEF

USA Financial Formulas acquired a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 129,169 shares of the exchange traded fund’s stock, valued at approximately $12,328,000. iShares 7-10 Year Treasury Bond ETF makes up approximately 2.3% of USA Financial Formulas’ portfolio, making the stock its 8th biggest position.

A number of other hedge funds also recently made changes to their positions in the company. Elevated Capital Advisors LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $25,000. Windsor Advisory Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the first quarter worth about $27,000. IFC & Insurance Marketing Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $29,000. Finally, McIlrath & Eck LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 882.4% in the fourth quarter. McIlrath & Eck LLC now owns 334 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.3%

Shares of NASDAQ IEF opened at $93.04 on Friday. The company has a market capitalization of $47.21 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.69 and a twelve month high of $98.04. The business has a 50 day simple moving average of $93.70 and a 200-day simple moving average of $94.87.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a $0.3175 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, August 3rd.

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.