Capstone Capital Management Ltd Purchases New Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Capstone Capital Management Ltd purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 18,600 shares of the exchange traded fund’s stock, valued at approximately $1,661,000.

Other large investors also recently modified their holdings of the company. Innova Wealth Partners lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 373.1% in the 3rd quarter. Innova Wealth Partners now owns 24,296 shares of the exchange traded fund’s stock valued at $2,170,000 after purchasing an additional 19,160 shares in the last quarter. Wealth Management Resources Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.5% during the 3rd quarter. Wealth Management Resources Inc. now owns 269,444 shares of the exchange traded fund’s stock worth $24,064,000 after purchasing an additional 9,128 shares during the period. Oregon Pacific Wealth Management LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $290,000. Portfolio Resources Advisor Group Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 9.0% during the 3rd quarter. Portfolio Resources Advisor Group Inc. now owns 2,457 shares of the exchange traded fund’s stock worth $219,000 after purchasing an additional 202 shares in the last quarter. Finally, Robinson Value Management Ltd. increased its position in iShares 7-10 Year Treasury Bond ETF by 5.7% during the 3rd quarter. Robinson Value Management Ltd. now owns 20,950 shares of the exchange traded fund’s stock worth $1,871,000 after purchasing an additional 1,122 shares in 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 Stock Performance

NASDAQ IEF opened at $90.25 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.64 and a one year high of $98.04. The company’s 50 day moving average price is $91.19 and its 200 day moving average price is $93.16. The firm has a market capitalization of $41.52 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.3069 per share. This is a decrease from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. This represents a $3.68 annualized dividend and a yield of 4.1%. The ex-dividend date was Thursday, October 1st.

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.