Harbor Investment Advisory LLC Has $620,000 Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Harbor Investment Advisory LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 437.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,504 shares of the exchange traded fund’s stock after purchasing an additional 5,293 shares during the quarter. Harbor Investment Advisory LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $620,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of IEF. Montag A & Associates Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 160 shares in the last quarter. BankPlus Trust Department bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $31,000. Park Square Financial Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $37,000. Wood Tarver Financial Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $37,000. Finally, Menard Financial Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $38,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.7%

iShares 7-10 Year Treasury Bond ETF stock opened at $93.94 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $99.18. The firm has a market capitalization of $34.01 billion, a price-to-earnings ratio of -22.10 and a beta of 0.05. The firm’s fifty day moving average price is $94.56 and its two-hundred day moving average price is $93.90.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd will be paid a $0.3101 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Monday, June 2nd.

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.