WealthTrak Capital Management LLC Buys Shares of 39,328 iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

WealthTrak Capital Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 39,328 shares of the exchange traded fund’s stock, valued at approximately $3,636,000. iShares 7-10 Year Treasury Bond ETF comprises approximately 3.1% of WealthTrak Capital Management LLC’s investment portfolio, making the stock its 9th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in IEF. Logan Capital Management Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $25,000. Montag A & Associates Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 113.5% during the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 160 shares during the last quarter. BankPlus Trust Department acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $31,000. Dunhill Financial LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $38,000. Finally, HM Payson & Co. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $40,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.8 %

IEF opened at $95.09 on Friday. The company has a market cap of $32.76 billion, a P/E ratio of -22.19 and a beta of 0.05. The firm’s 50-day moving average price is $93.85 and its 200-day moving average price is $94.45. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.2754 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.