Synovus Financial Corp Purchases 2,903 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Synovus Financial Corp increased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,362 shares of the exchange traded fund’s stock after buying an additional 2,903 shares during the period. Synovus Financial Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,101,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IEF. EP Wealth Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $162,000. Invst LLC lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 8,393.1% during the 3rd quarter. Invst LLC now owns 211,054 shares of the exchange traded fund’s stock worth $20,709,000 after purchasing an additional 208,569 shares during the last quarter. Westside Investment Management Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 3.7% during the third quarter. Westside Investment Management Inc. now owns 4,375 shares of the exchange traded fund’s stock valued at $429,000 after purchasing an additional 157 shares in the last quarter. Sanctuary Advisors LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 11.6% in the third quarter. Sanctuary Advisors LLC now owns 62,741 shares of the exchange traded fund’s stock valued at $5,873,000 after purchasing an additional 6,497 shares during the last quarter. Finally, World Investment Advisors LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 14.3% in the third quarter. World Investment Advisors LLC now owns 34,107 shares of the exchange traded fund’s stock worth $3,347,000 after purchasing an additional 4,273 shares in the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $93.51 on Monday. The company’s 50-day simple moving average is $94.40 and its 200-day simple moving average is $94.13. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18. The stock has a market capitalization of $37.33 billion, a P/E ratio of -22.63 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.3037 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Tuesday, April 1st.

iShares 7-10 Year Treasury Bond ETF Company Profile

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.