iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Stake Raised by Advisory Services Network LLC

Advisory Services Network LLC raised its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 25.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 49,629 shares of the exchange traded fund’s stock after acquiring an additional 10,013 shares during the period. Advisory Services Network LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Logan Capital Management Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $25,000. Montag A & Associates Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% during the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 160 shares during the last quarter. BankPlus Trust Department acquired a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $31,000. HM Payson & Co. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $40,000. Finally, Nemes Rush Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $42,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $94.63 on Thursday. The firm’s fifty day moving average is $94.36 and its two-hundred day moving average is $94.21. The firm has a market cap of $34.96 billion, a PE ratio of -22.63 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were issued a dividend of $0.3037 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.85%.

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.