Joel Adams & Associates Inc. Invests $346,000 in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Joel Adams & Associates Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,747 shares of the exchange traded fund’s stock, valued at approximately $346,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IEF. Logan Capital Management Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth 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 purchasing an additional 160 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $34,000. Van ECK Associates Corp purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $35,000. Finally, Dunhill Financial LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.5 %

iShares 7-10 Year Treasury Bond ETF stock opened at $92.82 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18. The business’s 50 day simple moving average is $92.72 and its 200 day simple moving average is $95.00. The company has a market cap of $31.98 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.2964 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date was Monday, February 3rd.

iShares 7-10 Year Treasury Bond ETF Company 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.