Verus Capital Partners LLC Acquires 2,999 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Verus Capital Partners LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 16.0% during the second quarter, Holdings Channel.com reports. The firm owned 21,794 shares of the exchange traded fund’s stock after acquiring an additional 2,999 shares during the quarter. Verus Capital Partners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,041,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baird Financial Group Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 1,494.7% in the 4th quarter. Baird Financial Group Inc. now owns 1,722,152 shares of the exchange traded fund’s stock worth $165,998,000 after purchasing an additional 1,614,158 shares in the last quarter. GLOBALT Investments LLC GA purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $92,585,000. Janney Montgomery Scott LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 111.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,374,256 shares of the exchange traded fund’s stock worth $132,465,000 after acquiring an additional 723,830 shares during the period. Captrust Financial Advisors raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 11.8% during the first quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock valued at $595,656,000 after purchasing an additional 662,293 shares during the last quarter. Finally, Tanglewood Wealth Management Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $56,282,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF traded down $0.34 on Monday, reaching $97.07. The company’s stock had a trading volume of 4,802,600 shares, compared to its average volume of 7,521,242. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.86 and a 12-month high of $98.58. The stock has a market capitalization of $30.25 billion, a P/E ratio of -21.67 and a beta of 0.05. The stock’s 50 day simple moving average is $95.65 and its two-hundred day simple moving average is $94.14.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were issued a $0.2891 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.47 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Thursday, August 1st.

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.