White Pine Investment CO Purchases 6,075 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

White Pine Investment CO boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,402 shares of the exchange traded fund’s stock after acquiring an additional 6,075 shares during the period. White Pine Investment CO’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Logan Capital Management Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $34,000. Van ECK Associates Corp purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter worth $35,000. Dunhill Financial LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $38,000. Finally, Rakuten Securities Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 45.1% in the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 153 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 Price Performance

Shares of NASDAQ IEF opened at $92.76 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18. The business has a fifty day moving average price of $93.23 and a 200 day moving average price of $95.26. The stock has a market capitalization of $31.66 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.3075 per share. This represents a $3.69 annualized dividend and a dividend yield of 3.98%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, December 18th.

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.