Riggs Asset Managment Co. Inc. Has $6.29 Million Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Riggs Asset Managment Co. Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 16,759.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 64,067 shares of the exchange traded fund’s stock after buying an additional 63,687 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for about 1.7% of Riggs Asset Managment Co. Inc.’s holdings, making the stock its 20th biggest holding. Riggs Asset Managment Co. Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $6,286,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital Investment Counsel Inc acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $25,000. Innealta Capital LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $28,000. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth approximately $43,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $43,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.2 %

Shares of NASDAQ:IEF traded down $0.21 during trading on Friday, hitting $94.89. 6,455,354 shares of the company’s stock were exchanged, compared to its average volume of 7,702,761. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $89.33 and a 1-year high of $99.18. The firm has a 50-day moving average price of $97.32 and a two-hundred day moving average price of $95.03. The firm has a market cap of $33.64 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders 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.

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.