Private Portfolio Partners LLC Acquires 3,197 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Private Portfolio Partners LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,984 shares of the exchange traded fund’s stock after buying an additional 3,197 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises approximately 3.3% of Private Portfolio Partners LLC’s investment portfolio, making the stock its 4th biggest holding. Private Portfolio Partners LLC owned about 0.06% of iShares 7-10 Year Treasury Bond ETF worth $17,841,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of IEF. Logan Capital Management Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $25,000. Montag A & Associates Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 160 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $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. bought a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $40,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:IEF opened at $95.40 on Wednesday. The company has a 50 day moving average price of $93.96 and a two-hundred day moving average price of $94.34. The company has a market capitalization of $34.76 billion, a PE ratio of -22.19 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

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.