Gallagher Capital Advisors LLC Acquires Shares of 31,764 iShares 7-10 Year Treasury Bond ETF $IEF

Gallagher Capital Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 31,764 shares of the exchange traded fund’s stock, valued at approximately $3,032,000. iShares 7-10 Year Treasury Bond ETF makes up about 1.9% of Gallagher Capital Advisors LLC’s holdings, making the stock its 17th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IEF. Legacy Wealth Partners LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 159.7% during the first quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock worth $2,064,000 after buying an additional 13,298 shares during the last quarter. ABLE Financial Group LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 30.7% in the fourth quarter. ABLE Financial Group LLC now owns 22,362 shares of the exchange traded fund’s stock valued at $2,150,000 after acquiring an additional 5,255 shares during the last quarter. Center For Asset Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at approximately $954,000. Assetmark Inc. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.3% during the 4th quarter. Assetmark Inc. now owns 1,007,769 shares of the exchange traded fund’s stock valued at $96,907,000 after acquiring an additional 13,133 shares during the period. Finally, Acropolis Investment Management LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 121.3% during the 4th quarter. Acropolis Investment Management LLC now owns 71,174 shares of the exchange traded fund’s stock worth $6,844,000 after purchasing an additional 39,014 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

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

Shares of IEF stock opened at $93.78 on Thursday. The firm has a market cap of $47.06 billion, a P/E ratio of -22.00 and a beta of 0.26. The company has a 50 day moving average of $94.11 and a 200-day moving average of $95.32. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.94 and a 12-month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.3111 dividend. The ex-dividend date of this dividend was Wednesday, July 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. 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.