iShares 7-10 Year Treasury Bond ETF $IEF is Seven Mile Advisory’s 10th Largest Position

Seven Mile Advisory grew its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7,059.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 179,062 shares of the exchange traded fund’s stock after acquiring an additional 176,561 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for approximately 2.8% of Seven Mile Advisory’s holdings, making the stock its 10th largest holding. Seven Mile Advisory’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $17,272,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Magnolia Capital Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $268,000. Tennessee Valley Asset Management Partners grew its position in iShares 7-10 Year Treasury Bond ETF by 65.0% during the 3rd quarter. Tennessee Valley Asset Management Partners now owns 70,447 shares of the exchange traded fund’s stock worth $6,795,000 after purchasing an additional 27,747 shares during the last quarter. Winthrop Capital Management LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 12.3% during the 3rd quarter. Winthrop Capital Management LLC now owns 26,199 shares of the exchange traded fund’s stock valued at $2,527,000 after purchasing an additional 2,874 shares in the last quarter. Banque Cantonale Vaudoise raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 154.7% in the third quarter. Banque Cantonale Vaudoise now owns 3,293 shares of the exchange traded fund’s stock worth $318,000 after buying an additional 2,000 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth $2,520,000. 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%

NASDAQ:IEF opened at $95.69 on Friday. The company has a market capitalization of $46.73 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.79 and a 12 month high of $98.04. The firm has a fifty day simple moving average of $96.43 and a 200-day simple moving average of $96.60.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.2828 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.5%.

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.