Van ECK Associates Corp Purchases New Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Van ECK Associates Corp acquired a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 366 shares of the exchange traded fund’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of IEF. Capital Investment Counsel Inc purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at $25,000. Innealta Capital LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at about $28,000. Riggs Asset Managment Co. Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $36,000. Atlanta Consulting Group Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter worth about $43,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $43,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.0 %

Shares of NASDAQ IEF opened at $93.28 on Friday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18. The business has a 50 day moving average price of $96.42 and a two-hundred day moving average price of $95.24. The firm has a market cap of $33.13 billion, a PE ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.2916 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.75%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.