Sig Brokerage LP Takes Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Sig Brokerage LP bought a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,622 shares of the exchange traded fund’s stock, valued at approximately $612,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Montag A & Associates Inc. raised its position 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 period. BankPlus Trust Department acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $31,000. Logan Capital Management Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 70.1% in the 4th quarter. Logan Capital Management Inc. now owns 427 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 176 shares in the last quarter. HM Payson & Co. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $40,000. Finally, Nemes Rush Group LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $42,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $93.94 on Friday. The company has a market capitalization of $34.01 billion, a price-to-earnings ratio of -22.31 and a beta of 0.05. The firm’s fifty day moving average price is $94.76 and its two-hundred day moving average price is $93.90. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.08 and a 1 year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.3134 per share. The ex-dividend date of this dividend was Thursday, May 1st. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.30. This represents a $3.76 annualized dividend and a yield of 4.00%.

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.