ShoreHaven Wealth Partners LLC Raises Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

ShoreHaven Wealth Partners LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 38.9% in the 4th quarter, Holdings Channel reports. The firm owned 16,568 shares of the exchange traded fund’s stock after acquiring an additional 4,639 shares during the quarter. ShoreHaven Wealth Partners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,532,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Logan Capital Management Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $25,000. Hazlett Burt & Watson Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $34,000. Van ECK Associates Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $35,000. Dunhill Financial LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $38,000. Finally, Rakuten Securities Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF by 45.1% in the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.7 %

NASDAQ:IEF opened at $92.93 on Friday. The stock has a market cap of $32.01 billion, a P/E ratio of -21.67 and a beta of 0.05. The business’s 50-day moving average price is $92.83 and its two-hundred day moving average price is $95.06. 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 Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.2964 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date was Monday, February 3rd.

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.