Pallas Capital Advisors LLC Has $11.31 Million Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Pallas Capital Advisors LLC lessened its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 37.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118,633 shares of the exchange traded fund’s stock after selling 71,644 shares during the quarter. Pallas Capital Advisors LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $11,314,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IEF. Nuveen Asset Management LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $4,006,000. Vontobel Holding Ltd. lifted its position in iShares 7-10 Year Treasury Bond ETF by 13.2% during the 4th quarter. Vontobel Holding Ltd. now owns 2,579 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 301 shares in the last quarter. Northern Trust Corp grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 947.5% in the 4th quarter. Northern Trust Corp now owns 107,540 shares of the exchange traded fund’s stock valued at $9,942,000 after acquiring an additional 97,274 shares in the last quarter. Greatmark Investment Partners Inc. increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.9% in the fourth quarter. Greatmark Investment Partners Inc. now owns 34,101 shares of the exchange traded fund’s stock valued at $3,153,000 after acquiring an additional 625 shares during the last quarter. Finally, Portland Global Advisors LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 5.3% during the fourth quarter. Portland Global Advisors LLC now owns 183,848 shares of the exchange traded fund’s stock worth $16,997,000 after acquiring an additional 9,264 shares in the last quarter. 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 NASDAQ IEF opened at $93.51 on Monday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $99.18. The stock has a market capitalization of $33.96 billion, a PE ratio of -22.00 and a beta of 0.24. The stock has a 50 day moving average price of $94.48 and a 200 day moving average price of $93.91.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.3101 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.72 annualized dividend and a dividend yield of 3.98%.

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.