Exchange Traded Concepts LLC Increases Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Exchange Traded Concepts LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 266.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 233,442 shares of the exchange traded fund’s stock after purchasing an additional 169,719 shares during the quarter. Exchange Traded Concepts LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $22,448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Grey Fox Wealth Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $27,000. Balentine LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $29,000. Asset Dedication LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 249.4% in the third quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 222 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.0%

IEF opened at $94.60 on Friday. The firm’s 50 day simple moving average is $96.23 and its two-hundred day simple moving average is $96.54. The company has a market capitalization of $46.20 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.79 and a 1-year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.2828 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, March 2nd.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.