Pinnbrook Capital Management LP Makes New Investment in iShares 7-10 Year Treasury Bond ETF $IEF

Pinnbrook Capital Management LP acquired a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, Holdings Channel reports. The fund acquired 193,634 shares of the exchange traded fund’s stock, valued at approximately $18,620,000. iShares 7-10 Year Treasury Bond ETF accounts for approximately 2.6% of Pinnbrook Capital Management LP’s holdings, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transce3nd LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $209,000. One Degree Advisors Inc increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 41.6% in the 4th quarter. One Degree Advisors Inc now owns 52,081 shares of the exchange traded fund’s stock worth $5,008,000 after buying an additional 15,301 shares during the last quarter. Magnolia Private Wealth LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 10.0% in the 4th quarter. Magnolia Private Wealth LLC now owns 14,975 shares of the exchange traded fund’s stock worth $1,440,000 after buying an additional 1,366 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 17.5% in the 4th quarter. Global Retirement Partners LLC now owns 39,476 shares of the exchange traded fund’s stock worth $3,796,000 after buying an additional 5,879 shares during the last quarter. Finally, Copia Wealth Management increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 158.0% in the 4th quarter. Copia Wealth Management now owns 3,914 shares of the exchange traded fund’s stock worth $376,000 after buying an additional 2,397 shares during the last quarter. 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 NASDAQ:IEF opened at $93.80 on Friday. The company’s fifty day moving average price is $95.08 and its 200-day moving average price is $96.02. The firm has a market capitalization of $47.85 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.94 and a one year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a dividend of $0.3125 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 4.0%.

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. 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.