Sandbox Financial Partners LLC Takes $3.99 Million Position in iShares 7-10 Year Treasury Bond ETF $IEF

Sandbox Financial Partners LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,524 shares of the exchange traded fund’s stock, valued at approximately $3,993,000. iShares 7-10 Year Treasury Bond ETF makes up approximately 1.1% of Sandbox Financial Partners LLC’s investment portfolio, making the stock its 22nd biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IEF. West Paces Advisors Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 7.9% during the third quarter. West Paces Advisors Inc. now owns 286,817 shares of the exchange traded fund’s stock worth $27,666,000 after acquiring an additional 21,060 shares in the last quarter. Cadence Wealth Management LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 19.4% in the 3rd quarter. Cadence Wealth Management LLC now owns 146,531 shares of the exchange traded fund’s stock valued at $14,134,000 after purchasing an additional 23,819 shares in the last quarter. WestEnd Advisors LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 13.9% in the 3rd quarter. WestEnd Advisors LLC now owns 751,166 shares of the exchange traded fund’s stock valued at $72,458,000 after purchasing an additional 91,530 shares in the last quarter. Capital Investment Advisors LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth about $631,000. Finally, Arkos Global Advisors grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.0% in the 3rd quarter. Arkos Global Advisors now owns 568,678 shares of the exchange traded fund’s stock worth $54,855,000 after purchasing an additional 21,893 shares during the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.9%

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $94.88 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.79 and a 12-month high of $98.04. The stock has a market capitalization of $46.34 billion, a P/E ratio of -22.00 and a beta of 0.26. The company has a 50-day simple moving average of $96.36 and a 200 day simple moving average of $96.59.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.2828 per share. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd.

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.