Signal Advisors Reduces Stake in iShares 7-10 Year Treasury ETF

Signal Advisors Wealth LLC has decreased its holdings in the iShares 7-10 Year Treasury Bond ETF by 28.1% in the second quarter of 2023, according to a recent filing with the Securities and Exchange Commission (SEC). The firm now owns 2,272 shares of the exchange-traded fund (ETF) after selling 889 shares during this period. The value of Signal Advisors’ stake in the ETF stands at approximately $218,000 at the close of the quarter.

This adjustment in holdings comes as several other institutional investors have also made significant changes to their positions in the iShares 7-10 Year Treasury Bond ETF. For instance, Bison Wealth LLC increased its stake by an impressive 115.6% in the fourth quarter, bringing its total to 212,029 shares valued at $19.6 million after acquiring an additional 113,663 shares.

Nuveen Asset Management LLC entered the ETF market with a new position valued at $4 million, while Retirement Planning Group LLC and Vise Technologies Inc. made new investments worth $215,000 and $259,000, respectively. Additionally, Formidable Asset Management LLC grew its holdings by 35.5% in the same quarter, increasing its ownership to 21,090 shares valued at approximately $1.95 million.

As it stands, institutional investors collectively own 81.48% of the ETF, indicating a strong institutional interest in this financial instrument.

Current Market Performance and Dividend Announcement

The iShares 7-10 Year Treasury Bond ETF opened at $96.63 on the trading day following the announcement. The ETF boasts a market capitalization of approximately $35.96 billion, with a price-to-earnings ratio of -22.00 and a beta of 0.05. Over the past year, the ETF has experienced price fluctuations, with a low of $91.08 and a high of $98.55. Its 50-day simple moving average stands at $95.65, while the 200-day average is at $94.96.

In addition to the changes in ownership, the ETF also declared a monthly dividend, which was paid on September 5, 2023. Shareholders on record as of September 2 received a dividend of $0.3141 per share, reflecting an annual yield of 3.9%.

About iShares 7-10 Year Treasury Bond ETF

The iShares 7-10 Year Treasury Bond ETF aims to replicate the investment performance of an index that includes U.S. Treasury bonds with maturities ranging from seven to ten years. This ETF provides investors with an opportunity to gain exposure to government bonds, which are typically considered a safer investment option.

For those interested in tracking hedge fund activities and holdings related to this ETF, resources like HoldingsChannel.com offer updates on recent filings and insider trades. With the current dynamics of the bond market and fluctuating interest rates, the iShares 7-10 Year Treasury Bond ETF remains a focal point for both institutional and individual investors.