Peapack Gladstone Financial Corp Invests $515,000 in iShares 7-10 Year Treasury Bond ETF $IEF

Peapack Gladstone Financial Corp purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEFFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,364 shares of the exchange traded fund’s stock, valued at approximately $515,000.

A number of other hedge funds have also modified their holdings of the business. Rothschild Wealth LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 22.0% during the 4th quarter. Rothschild Wealth LLC now owns 100,880 shares of the exchange traded fund’s stock worth $9,701,000 after purchasing an additional 18,166 shares during the period. Waterloo Capital L.P. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 6.5% during the 4th quarter. Waterloo Capital L.P. now owns 136,590 shares of the exchange traded fund’s stock valued at $13,134,000 after acquiring an additional 8,329 shares during the period. Nomura Asset Management Co. Ltd. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $908,000. Portland Global Advisors LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 2.9% during the 4th quarter. Portland Global Advisors LLC now owns 189,750 shares of the exchange traded fund’s stock valued at $18,246,000 after acquiring an additional 5,342 shares during the period. Finally, Founders Financial Securities LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 34.5% during the 4th quarter. Founders Financial Securities LLC now owns 4,006 shares of the exchange traded fund’s stock valued at $385,000 after acquiring an additional 1,028 shares during the period. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $94.00 on Thursday. The business has a 50-day moving average of $94.81 and a 200 day moving average of $95.87. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.94 and a 12 month high of $98.04. The stock has a market capitalization of $47.95 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, June 1st will be issued a dividend of $0.3172 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date is Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%.

About iShares 7-10 Year Treasury Bond ETF

(Free Report)

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.

See Also

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Institutional Ownership by Quarter for iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

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