Penserra Capital Management LLC Acquires New Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Penserra Capital Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 140,906 shares of the exchange traded fund’s stock, valued at approximately $13,825,000.

Other institutional investors also recently made changes to their positions in the company. Capital Investment Counsel Inc purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth $25,000. Innealta Capital LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth $28,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $34,000. Van ECK Associates Corp purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $35,000. Finally, Riggs Asset Managment Co. Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth $36,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $93.60 on Friday. The firm has a market capitalization of $33.25 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The company’s fifty day moving average is $95.70 and its two-hundred day moving average is $95.29.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.2916 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.50 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, November 1st.

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.