Encompass More Asset Management bought a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Free Report) in the third quarter, Holdings Channel reports. The institutional investor bought 26,398 shares of the exchange traded fund’s stock, valued at approximately $2,358,000.
Several other hedge funds have also recently modified their holdings of the stock. USA Financial Formulas purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $9,397,000. TD Waterhouse Canada Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 41.4% during the third quarter. TD Waterhouse Canada Inc. now owns 63,528 shares of the exchange traded fund’s stock valued at $5,676,000 after acquiring an additional 18,588 shares during the last quarter. GenWealth Group Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% during the third quarter. GenWealth Group Inc. now owns 531,925 shares of the exchange traded fund’s stock valued at $47,506,000 after acquiring an additional 21,945 shares during the last quarter. Benchmark Financial LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 6.3% in the third quarter. Benchmark Financial LLC now owns 78,463 shares of the exchange traded fund’s stock valued at $7,008,000 after acquiring an additional 4,650 shares in the last quarter. Finally, Legacy Wealth Partners LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 16.3% in the third quarter. Legacy Wealth Partners LLC now owns 4,405 shares of the exchange traded fund’s stock valued at $393,000 after acquiring an additional 616 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.
iShares 7-10 Year Treasury Bond ETF Price Performance
NASDAQ IEF opened at $90.42 on Friday. The stock’s 50 day simple moving average is $91.29 and its 200-day simple moving average is $93.24. The company has a market cap of $41.53 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $88.64 and a 1-year high of $98.04.
iShares 7-10 Year Treasury Bond ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.3069 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $3.68 annualized dividend and a yield of 4.1%. This is a decrease from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320.
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. 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.
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