Cadence Wealth Management LLC Takes Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Cadence Wealth Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 68,002 shares of the exchange traded fund’s stock, valued at approximately $6,287,000. iShares 7-10 Year Treasury Bond ETF accounts for about 4.2% of Cadence Wealth Management LLC’s portfolio, making the stock its 8th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Atlanta Consulting Group Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $438,000. TrinityPoint Wealth LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.1% during the 3rd quarter. TrinityPoint Wealth LLC now owns 47,017 shares of the exchange traded fund’s stock valued at $4,613,000 after buying an additional 965 shares in the last quarter. ETF Store Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 54.6% during the 3rd quarter. ETF Store Inc. now owns 21,608 shares of the exchange traded fund’s stock valued at $2,120,000 after buying an additional 7,635 shares in the last quarter. J. W. Coons Advisors LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 1.0% in the 3rd quarter. J. W. Coons Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock worth $1,299,000 after purchasing an additional 135 shares during the period. Finally, Drive Wealth Management LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 3.0% in the 3rd quarter. Drive Wealth Management LLC now owns 4,924 shares of the exchange traded fund’s stock worth $483,000 after purchasing an additional 144 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF opened at $94.56 on Tuesday. The company has a market capitalization of $32.58 billion, a P/E ratio of -22.34 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The stock has a 50 day moving average price of $93.33 and a 200-day moving average price of $94.60.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.2754 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

iShares 7-10 Year Treasury Bond ETF 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.