Portland Global Advisors LLC Acquires 9,264 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Portland Global Advisors LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,848 shares of the exchange traded fund’s stock after acquiring an additional 9,264 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises approximately 2.2% of Portland Global Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Portland Global Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $16,997,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IEF. Logan Capital Management Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $25,000. Montag A & Associates Inc. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 113.5% in the 4th 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 period. BankPlus Trust Department bought a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth about $31,000. Dunhill Financial LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $38,000. Finally, HM Payson & Co. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at about $40,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $95.09 on Friday. The stock has a market capitalization of $32.76 billion, a P/E ratio of -22.19 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18. The business has a 50-day moving average of $93.85 and a 200-day moving average of $94.42.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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