iShares 7-10 Year Treasury Bond ETF $IEF is Syntax Research Inc.’s 2nd Largest Position

Syntax Research Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 87,935 shares of the exchange traded fund’s stock after buying an additional 7,638 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for approximately 5.2% of Syntax Research Inc.’s investment portfolio, making the stock its 2nd largest position. Syntax Research Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $8,456,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $25,000. Grey Fox Wealth Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $27,000. Balentine LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $29,000. Asset Dedication LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $29,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.3%

NASDAQ IEF opened at $94.74 on Friday. The stock has a market cap of $48.33 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $93.03 and a twelve month high of $98.04. The stock has a fifty day simple moving average of $95.83 and a 200-day simple moving average of $96.32.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st will be issued a dividend of $0.3125 per share. The ex-dividend date is Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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. 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.