Palogic Value Management L.P. Takes Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Palogic Value Management L.P. purchased a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,000 shares of the exchange traded fund’s stock, valued at approximately $3,421,000. iShares 7-10 Year Treasury Bond ETF makes up 1.3% of Palogic Value Management L.P.’s investment portfolio, making the stock its 20th largest holding.

A number of other large investors have also made changes to their positions in IEF. Logan Capital Management Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $25,000. Montag A & Associates Inc. lifted its holdings in 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 acquiring 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. Dunhill Financial LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $38,000. Finally, HM Payson & Co. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $40,000. 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 $95.10 on Friday. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The stock has a market capitalization of $33.98 billion, a PE ratio of -22.19 and a beta of 0.17. The business’s 50 day moving average price is $93.50 and its 200 day moving average price is $94.59.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.2754 dividend. The ex-dividend date 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.