Sollinda Capital Management LLC Takes $2.29 Million Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Sollinda Capital Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 23,759 shares of the exchange traded fund’s stock, valued at approximately $2,290,000. iShares 7-10 Year Treasury Bond ETF comprises about 0.6% of Sollinda Capital Management LLC’s holdings, making the stock its 15th biggest position.

A number of other hedge funds have also recently modified their holdings of IEF. GoalVest Advisory LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $26,000. Nemes Rush Group LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $25,000. SouthState Corp purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $29,000. Islay Capital Management LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $29,000. Finally, Oakworth Capital Inc. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 233.7% in the fourth quarter. Oakworth Capital Inc. now owns 307 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 215 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 1.1 %

Shares of NASDAQ IEF traded down $0.99 during trading hours on Friday, reaching $92.95. The stock had a trading volume of 7,125,085 shares, compared to its average volume of 8,251,096. The firm has a market cap of $28.48 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The business’s fifty day moving average price is $92.58 and its two-hundred day moving average price is $94.03. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $88.86 and a 52-week high of $97.50.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were issued a $0.2764 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.57%.

iShares 7-10 Year Treasury Bond ETF Company 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.