iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Bought by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC raised its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,786 shares of the exchange traded fund’s stock after acquiring an additional 892 shares during the period. SevenBridge Financial Group LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,138,000 at the end of the most recent reporting period.

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

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $95.40 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18. The stock has a fifty day moving average price of $93.96 and a two-hundred day moving average price of $94.34. The stock has a market capitalization of $34.76 billion, a price-to-earnings ratio of -22.19 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st will be issued a $0.3037 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.82%.

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.