Madison Investment Advisors LLC Purchases Shares of 214,991 iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Madison Investment Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 214,991 shares of the exchange traded fund’s stock, valued at approximately $19,876,000. Madison Investment Advisors LLC owned approximately 0.06% of iShares 7-10 Year Treasury Bond ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IEF. Logan Capital Management Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $25,000. Montag A & Associates Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% during the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 160 shares during the last quarter. BankPlus Trust Department purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $31,000. Van ECK Associates Corp purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $35,000. Finally, Dunhill Financial LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $38,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $94.43 on Thursday. The stock’s 50-day moving average is $93.19 and its two-hundred day moving average is $94.68. The firm has a market cap of $32.53 billion, a price-to-earnings ratio of -22.34 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued 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.