Spectrum Strategic Capital Management LLC Takes $1.37 Million Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Spectrum Strategic Capital Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,783 shares of the exchange traded fund’s stock, valued at approximately $1,367,000. iShares 7-10 Year Treasury Bond ETF makes up 0.9% of Spectrum Strategic Capital Management LLC’s investment portfolio, making the stock its 17th largest holding.

Several other institutional investors also recently bought and sold shares of IEF. Logan Capital Management Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $34,000. Van ECK Associates Corp purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $35,000. Dunhill Financial LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $38,000. Finally, Rakuten Securities Inc. increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 45.1% during the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 153 shares during the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.6 %

IEF opened at $93.07 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18. The company has a market cap of $31.76 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The company’s 50 day moving average is $93.17 and its 200 day moving average is $95.22.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.3075 per share. This represents a $3.69 annualized dividend and a yield of 3.96%. The ex-dividend date was Wednesday, December 18th. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

iShares 7-10 Year Treasury Bond ETF 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.