Berkshire Asset Management LLC PA Purchases 5,708 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Berkshire Asset Management LLC PA grew its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 14.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 45,819 shares of the exchange traded fund’s stock after acquiring an additional 5,708 shares during the period. Berkshire Asset Management LLC PA’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,237,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Logan Capital Management Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $25,000. Montag A & Associates Inc. raised its holdings in shares of 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. BankPlus Trust Department acquired a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $31,000. Van ECK Associates Corp bought a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $35,000. Finally, Dunhill Financial LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.1 %

IEF stock opened at $94.51 on Friday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The business has a 50 day moving average price of $93.01 and a two-hundred day moving average price of $94.78. The company has a market cap of $32.56 billion, a price-to-earnings ratio of -22.34 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.2754 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.