Oppenheimer & Co. Inc. Increases Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Oppenheimer & Co. Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 71.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,608 shares of the exchange traded fund’s stock after buying an additional 14,420 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Investment Counsel Inc bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $25,000. Innealta Capital LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter worth about $28,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $34,000. Van ECK Associates Corp bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $35,000. Finally, Riggs Asset Managment Co. Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at approximately $36,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF opened at $93.32 on Friday. The company has a market cap of $33.15 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18. The stock’s 50 day simple moving average is $96.32 and its two-hundred day simple moving average is $95.23.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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