Zhang Financial LLC Buys 9,078 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Zhang Financial LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 203.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,541 shares of the exchange traded fund’s stock after purchasing an additional 9,078 shares during the period. Zhang Financial LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IEF. Fisher Asset Management LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 53.8% in the fourth quarter. Fisher Asset Management LLC now owns 134,832,971 shares of the exchange traded fund’s stock worth $12,965,539,000 after purchasing an additional 47,170,533 shares during the last quarter. JPMorgan Chase & Co. raised its stake in iShares 7-10 Year Treasury Bond ETF by 28.1% during the 4th quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock valued at $3,287,698,000 after buying an additional 7,506,518 shares during the last quarter. Morgan Stanley raised its stake in iShares 7-10 Year Treasury Bond ETF by 19.1% during the 4th quarter. Morgan Stanley now owns 17,039,671 shares of the exchange traded fund’s stock valued at $1,638,535,000 after buying an additional 2,737,040 shares during the last quarter. Focus Partners Wealth raised its stake in iShares 7-10 Year Treasury Bond ETF by 606.5% during the 4th quarter. Focus Partners Wealth now owns 1,353,687 shares of the exchange traded fund’s stock valued at $130,166,000 after buying an additional 1,162,073 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 2,754.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 707,015 shares of the exchange traded fund’s stock valued at $67,987,000 after buying an additional 682,247 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $93.84 on Friday. The company has a market cap of $47.29 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 $92.94 and a 1 year high of $98.04. The stock’s fifty day moving average price is $94.07 and its 200-day moving average price is $95.29.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

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

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.