Stonebridge Financial Group LLC Makes New $242,000 Investment in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Stonebridge Financial Group LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 4th quarter, Holdings Channel reports. The fund acquired 2,619 shares of the exchange traded fund’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Logan Capital Management Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $25,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $34,000. Van ECK Associates Corp acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $35,000. Dunhill Financial LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $38,000. Finally, Rakuten Securities Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 45.1% during the third 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 period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.3 %

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $92.88 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The stock has a market cap of $32.00 billion, a PE ratio of -21.67 and a beta of 0.05. The company’s 50-day moving average price is $92.92 and its two-hundred day moving average price is $95.09.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.2964 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29.

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.