290,670 Shares in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Acquired by Prudent Investors Network Inc.

Prudent Investors Network Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 290,670 shares of the exchange traded fund’s stock, valued at approximately $27,515,000. iShares 7-10 Year Treasury Bond ETF comprises about 10.4% of Prudent Investors Network Inc.’s holdings, making the stock its largest holding.

A number of other hedge funds also recently made changes to their positions in IEF. WPWealth LLP boosted its stake in iShares 7-10 Year Treasury Bond ETF by 89.7% in the first quarter. WPWealth LLP now owns 7,223 shares of the exchange traded fund’s stock worth $684,000 after buying an additional 3,415 shares in the last quarter. Kinloch Capital LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 18.4% during the 1st quarter. Kinloch Capital LLC now owns 4,824 shares of the exchange traded fund’s stock valued at $457,000 after purchasing an additional 751 shares during the last quarter. Captrust Financial Advisors raised its position in iShares 7-10 Year Treasury Bond ETF by 11.8% in the 1st quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock worth $595,656,000 after purchasing an additional 662,293 shares during the period. Ashford Capital Management Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 16.2% in the first quarter. Ashford Capital Management Inc. now owns 112,173 shares of the exchange traded fund’s stock worth $10,618,000 after purchasing an additional 15,657 shares during the last quarter. Finally, Blue Edge Capital LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 2.4% in the first quarter. Blue Edge Capital LLC now owns 176,623 shares of the exchange traded fund’s stock worth $16,719,000 after purchasing an additional 4,134 shares during the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.2 %

Shares of IEF traded up $0.20 during trading hours on Tuesday, hitting $95.37. The company had a trading volume of 4,417,387 shares, compared to its average volume of 7,587,963. The firm has a market cap of $29.45 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $88.86 and a 52-week high of $97.11. The stock’s 50 day moving average price is $93.94 and its 200 day moving average price is $93.81.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were given a $0.2851 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $3.42 annualized dividend and a yield of 3.59%.

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.