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

USA Financial Formulas purchased a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 105,218 shares of the exchange traded fund’s stock, valued at approximately $9,397,000. iShares 7-10 Year Treasury Bond ETF makes up 1.8% of USA Financial Formulas’ holdings, making the stock its 5th largest position.

Other institutional investors have also made changes to their positions in the company. TD Waterhouse Canada Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF by 41.4% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 63,528 shares of the exchange traded fund’s stock valued at $5,676,000 after acquiring an additional 18,588 shares in the last quarter. GenWealth Group Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% during the 3rd quarter. GenWealth Group Inc. now owns 531,925 shares of the exchange traded fund’s stock valued at $47,506,000 after acquiring an additional 21,945 shares during the period. Benchmark Financial LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 6.3% during the 3rd quarter. Benchmark Financial LLC now owns 78,463 shares of the exchange traded fund’s stock valued at $7,008,000 after acquiring an additional 4,650 shares during the period. Legacy Wealth Partners LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 16.3% during the 3rd quarter. Legacy Wealth Partners LLC now owns 4,405 shares of the exchange traded fund’s stock valued at $393,000 after acquiring an additional 616 shares during the period. Finally, Detalus Advisors LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 25.5% during the 3rd quarter. Detalus Advisors LLC now owns 7,181 shares of the exchange traded fund’s stock valued at $641,000 after acquiring an additional 1,459 shares during the period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $90.42 on Friday. The firm has a market cap of $41.53 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $88.64 and a 52-week high of $98.04. The business’s fifty day moving average is $91.29 and its 200-day moving average is $93.24.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.3069 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 4.1%. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date of this dividend was Thursday, October 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.