Readystate Asset Management LP Takes $7.33 Million Position in iShares 7-10 Year Treasury Bond ETF $IEF

Readystate Asset Management LP bought a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the third quarter, Holdings Channel.com reports. The institutional investor bought 76,000 shares of the exchange traded fund’s stock, valued at approximately $7,331,000.

Several other hedge funds also recently added to or reduced their stakes in IEF. Bison Wealth LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% in the fourth quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock worth $19,602,000 after buying an additional 113,663 shares during the last quarter. Harbour Investments Inc. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 8.0% during the second quarter. Harbour Investments Inc. now owns 3,122 shares of the exchange traded fund’s stock valued at $299,000 after purchasing an additional 232 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 1,285.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 62,960 shares of the exchange traded fund’s stock worth $6,030,000 after buying an additional 58,414 shares during the last quarter. Balboa Wealth Partners purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth approximately $333,000. Finally, Stephens Inc. AR grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 7.7% during the second quarter. Stephens Inc. AR now owns 41,845 shares of the exchange traded fund’s stock worth $4,008,000 after buying an additional 2,980 shares in the last quarter. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $97.20 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.76 and a 1-year high of $97.77. The firm has a market capitalization of $47.47 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The company’s 50 day simple moving average is $96.24 and its two-hundred day simple moving average is $96.44.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.312 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, February 2nd.

About iShares 7-10 Year Treasury Bond ETF

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.