ArchPoint Investors Has $12.90 Million Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

ArchPoint Investors boosted its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,500 shares of the exchange traded fund’s stock after acquiring an additional 9,500 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises about 4.2% of ArchPoint Investors’ investment portfolio, making the stock its 8th biggest holding. ArchPoint Investors’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $12,897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IEF. Logan Capital Management Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $25,000. Montag A & Associates Inc. lifted its stake 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 buying an additional 160 shares during the last quarter. BankPlus Trust Department acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at $31,000. Dunhill Financial LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $38,000. Finally, HM Payson & Co. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $40,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.3 %

iShares 7-10 Year Treasury Bond ETF stock opened at $96.56 on Monday. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18. The firm has a market capitalization of $35.79 billion, a price-to-earnings ratio of -22.63 and a beta of 0.23. The firm has a 50-day moving average price of $94.18 and a two-hundred day moving average price of $94.28.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.3037 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.64 annualized dividend and a dividend yield of 3.77%.

iShares 7-10 Year Treasury Bond ETF 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.