Scarborough Advisors LLC Buys New Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Scarborough Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, Holdings Channel.com reports. The fund bought 332 shares of the exchange traded fund’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. EP Wealth Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $197,000. Syon Capital LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 1,758.5% during the 4th quarter. Syon Capital LLC now owns 399,263 shares of the exchange traded fund’s stock worth $38,485,000 after purchasing an additional 377,780 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 111.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 67,252 shares of the exchange traded fund’s stock worth $6,370,000 after purchasing an additional 35,504 shares during the last quarter. Napa Wealth Management purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $2,053,000. Finally, Adroit Compliance LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $522,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.4 %

Shares of NASDAQ:IEF opened at $94.57 on Wednesday. The company has a market cap of $28.98 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The firm’s 50-day simple moving average is $92.66 and its 200-day simple moving average is $94.07. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.86 and a fifty-two week high of $97.50.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were issued a $0.2764 dividend. This represents a $3.32 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Monday, June 3rd.

iShares 7-10 Year Treasury Bond ETF Company 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.