23,969 Shares in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Purchased by Sovran Advisors LLC

Sovran Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 4th quarter, Holdings Channel.com reports. The fund acquired 23,969 shares of the exchange traded fund’s stock, valued at approximately $2,186,000.

Several other hedge funds have also recently made changes to their positions in IEF. PSI Advisors LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 20.0% during the 3rd quarter. PSI Advisors LLC now owns 653 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 109 shares during the period. J. W. Coons Advisors LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 1.0% during the 3rd quarter. J. W. Coons Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock valued at $1,299,000 after buying an additional 135 shares during the period. Savant Capital LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 3.2% in the 4th quarter. Savant Capital LLC now owns 4,459 shares of the exchange traded fund’s stock worth $412,000 after purchasing an additional 139 shares during the period. Drive Wealth Management LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 3.0% in the third 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. Finally, Intergy Private Wealth LLC boosted its position in iShares 7-10 Year Treasury Bond ETF by 6.2% in the 4th quarter. Intergy Private Wealth LLC now owns 2,504 shares of the exchange traded fund’s stock valued at $231,000 after buying an additional 146 shares during the period. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $93.12 on Tuesday. The stock has a market cap of $32.08 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The firm’s 50-day moving average is $92.96 and its two-hundred day moving average is $95.10. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.2964 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29.

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.