Maridea Wealth Management LLC Invests $534,000 in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Maridea Wealth Management LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,779 shares of the exchange traded fund’s stock, valued at approximately $534,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IEF. Logan Capital Management Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $25,000. Montag A & Associates Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 113.5% in the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 160 shares during the last quarter. BankPlus Trust Department acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $31,000. Dunhill Financial LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $38,000. Finally, HM Payson & Co. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF opened at $95.09 on Friday. The company’s fifty day moving average price is $93.85 and its 200-day moving average price is $94.45. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18. The firm has a market capitalization of $32.76 billion, a P/E ratio of -22.19 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.2754 per share. The ex-dividend date was Monday, March 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.