iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Purchased by Archer Investment Corp

Archer Investment Corp increased its holdings 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 13F filing with the Securities and Exchange Commission. The fund owned 30,916 shares of the exchange traded fund’s stock after purchasing an additional 30,687 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for approximately 1.0% of Archer Investment Corp’s portfolio, making the stock its 23rd biggest position. Archer Investment Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,980,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Morgan Stanley boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 11.8% during the 3rd quarter. Morgan Stanley now owns 15,447,394 shares of the exchange traded fund’s stock valued at $1,414,827,000 after acquiring an additional 1,636,435 shares during the period. CI Private Wealth LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $147,818,000. Barclays PLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 100.4% during the 2nd quarter. Barclays PLC now owns 6,218 shares of the exchange traded fund’s stock valued at $601,000 after acquiring an additional 1,449,901 shares during the period. International Assets Investment Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $128,523,000. Finally, Synovus Financial Corp boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 2,457.4% during the 3rd quarter. Synovus Financial Corp now owns 1,027,104 shares of the exchange traded fund’s stock valued at $94,072,000 after acquiring an additional 986,942 shares during the period. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

iShares 7-10 Year Treasury Bond ETF stock traded up $0.58 during midday trading on Wednesday, reaching $91.94. 8,087,300 shares of the stock traded hands, compared to its average volume of 9,082,414. The company has a 50-day simple moving average of $93.97 and a two-hundred day simple 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 Announces Dividend

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

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.