Independent Advisor Alliance has significantly increased its holdings in the iShares 7-10 Year Treasury Bond ETF (NASDAQ: IEF) by an impressive 70.5% during the third quarter of 2023. According to the most recent filing with the Securities and Exchange Commission (SEC), the institutional investor now owns 17,563 shares after acquiring an additional 7,261 shares in that period. As of the latest report, the value of Independent Advisor Alliance’s investment in the ETF stands at approximately $1,694,000.
Several other institutional investors have also adjusted their positions in the iShares 7-10 Year Treasury Bond ETF. Notably, Grey Fox Wealth Advisors LLC initiated a new position valued at $27,000 during the third quarter. Similarly, Silicon Valley Capital Partners and Twin Peaks Wealth Advisors LLC acquired new stakes in the ETF during the second quarter, valued at around $32,000 and $37,000, respectively. Other firms, including WFA of San Diego LLC and Richards Merrill & Peterson Inc., also joined the ranks of investors in the ETF, with new positions worth approximately $40,000 and $48,000.
As of now, approximately 81.48% of the iShares 7-10 Year Treasury Bond ETF is owned by hedge funds and other institutional investors, highlighting its appeal among major financial entities.
Current Market Performance
On Tuesday, shares of the iShares 7-10 Year Treasury Bond ETF opened at $95.44. The ETF has experienced fluctuations, with a 12-month low of $92.08 and a high of $97.77. Its 50-day moving average stands at $96.35, while the 200-day moving average is slightly lower at $96.32. The ETF currently boasts a market capitalization of $45.70 billion, a P/E ratio of -22.00, and a beta of 0.26, indicating its relative stability in the market.
About the iShares 7-10 Year Treasury Bond ETF
The iShares 7-10 Year Treasury Bond ETF is an exchange-traded fund that aims to track the performance of the Barclays U.S. 7-10 Year Treasury Bond Index. This index comprises U.S. Treasury bonds with remaining maturities ranging from seven to ten years, making it a key investment option for those looking to gain exposure to U.S. government securities.
The ETF serves as a vital tool for investors seeking to manage risk and secure stable returns through government-backed bonds. As the market evolves, the interest and investment from firms like Independent Advisor Alliance suggest continued confidence in this financial instrument.
Investors can remain informed about developments concerning the iShares 7-10 Year Treasury Bond ETF and similar investments through reliable sources and daily updates.
