Stablepoint Partners LLC Purchases 5,916 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Stablepoint Partners LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 34.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 23,186 shares of the exchange traded fund’s stock after purchasing an additional 5,916 shares during the quarter. Stablepoint Partners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,275,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $277,000. Lake Hills Wealth Management LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 27.6% during the third quarter. Lake Hills Wealth Management LLC now owns 68,823 shares of the exchange traded fund’s stock worth $6,753,000 after purchasing an additional 14,906 shares during the period. Koshinski Asset Management Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 61.1% in the third quarter. Koshinski Asset Management Inc. now owns 6,751 shares of the exchange traded fund’s stock worth $662,000 after acquiring an additional 2,561 shares during the period. Ballew Advisors Inc increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 0.9% during the 3rd quarter. Ballew Advisors Inc now owns 27,366 shares of the exchange traded fund’s stock valued at $2,623,000 after purchasing an additional 257 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 2.4% in the third quarter. Concourse Financial Group Securities Inc. now owns 28,836 shares of the exchange traded fund’s stock valued at $2,829,000 after buying an additional 672 shares in the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock traded down $0.42 during mid-day trading on Monday, reaching $95.44. 505,751 shares of the company’s stock were exchanged, compared to its average volume of 7,761,565. The company has a market cap of $33.38 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The stock’s 50 day moving average is $97.61 and its 200 day moving average is $94.91. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.86 and a 12-month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.2882 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.