Archer Investment Corp Purchases 30,687 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Archer Investment Corp boosted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 13,400.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,916 shares of the exchange traded fund’s stock after buying an additional 30,687 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up about 1.0% of Archer Investment Corp’s holdings, making the stock its 23rd biggest holding. Archer Investment Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IEF. Signet Financial Management LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 7.9% during the 4th quarter. Signet Financial Management LLC now owns 26,715 shares of the exchange traded fund’s stock valued at $2,575,000 after purchasing an additional 1,967 shares during the period. Investment Advisory Group LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 43.6% during the 4th quarter. Investment Advisory Group LLC now owns 3,839 shares of the exchange traded fund’s stock valued at $370,000 after purchasing an additional 1,166 shares during the period. Crescent Grove Advisors LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 53.8% in the 4th quarter. Crescent Grove Advisors LLC now owns 86,304 shares of the exchange traded fund’s stock worth $8,319,000 after buying an additional 30,184 shares during the period. Flputnam Investment Management Co. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 8.9% in the 4th quarter. Flputnam Investment Management Co. now owns 235,329 shares of the exchange traded fund’s stock worth $22,683,000 after buying an additional 19,160 shares during the period. Finally, Capital Analysts LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 8.0% in the 4th quarter. Capital Analysts LLC now owns 28,773 shares of the exchange traded fund’s stock worth $2,773,000 after buying an additional 2,125 shares during the period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.6 %

Shares of NASDAQ:IEF traded up $0.58 during midday trading on Wednesday, reaching $91.94. The company’s stock had a trading volume of 8,087,300 shares, compared to its average volume of 9,082,414. The firm has a 50 day moving average of $93.97 and a 200-day moving average of $93.59. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.86 and a 12-month high of $100.80.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a $0.2758 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Monday, April 1st.

iShares 7-10 Year Treasury Bond ETF Company 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.