Elequin Capital LP Takes Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Elequin Capital LP purchased a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,310 shares of the exchange traded fund’s stock, valued at approximately $121,000.

Other large investors have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. raised its position in iShares 7-10 Year Treasury Bond ETF by 13.2% in the fourth quarter. Vontobel Holding Ltd. now owns 2,579 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 301 shares in the last quarter. Northern Trust Corp raised its position in iShares 7-10 Year Treasury Bond ETF by 947.5% in the 4th quarter. Northern Trust Corp now owns 107,540 shares of the exchange traded fund’s stock valued at $9,942,000 after purchasing an additional 97,274 shares during the last quarter. Greatmark Investment Partners Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 1.9% in the 4th quarter. Greatmark Investment Partners Inc. now owns 34,101 shares of the exchange traded fund’s stock worth $3,153,000 after purchasing an additional 625 shares during the last quarter. Portland Global Advisors LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.3% during the fourth quarter. Portland Global Advisors LLC now owns 183,848 shares of the exchange traded fund’s stock worth $16,997,000 after acquiring an additional 9,264 shares during the last quarter. Finally, Beam Wealth Advisors Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 3.7% during the fourth quarter. Beam Wealth Advisors Inc. now owns 36,617 shares of the exchange traded fund’s stock worth $3,385,000 after acquiring an additional 1,303 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $93.80 on Wednesday. The company has a fifty day moving average price of $94.71 and a two-hundred day moving average price of $93.88. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $99.18. The firm has a market capitalization of $34.32 billion, a PE ratio of -22.10 and a beta of 0.25.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, May 1st were paid a dividend of $0.3134 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.30. The ex-dividend date was Thursday, May 1st. This represents a $3.76 annualized dividend and a yield of 4.01%.

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.