Oppenheimer & Co. Inc. Increases Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Oppenheimer & Co. Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 71.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,608 shares of the exchange traded fund’s stock after buying an additional 14,420 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,396,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Capital Investment Counsel Inc bought a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $25,000. Innealta Capital LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $28,000. Hazlett Burt & Watson Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $34,000. Van ECK Associates Corp purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth about $35,000. Finally, Riggs Asset Managment Co. Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth about $36,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:IEF opened at $93.32 on Friday. The firm has a market capitalization of $33.15 billion, a PE ratio of -21.67 and a beta of 0.05. The business has a 50 day simple moving average of $96.32 and a two-hundred day simple moving average of $95.23. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 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 Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.2916 per share. The ex-dividend date was Friday, November 1st. This represents a $3.50 dividend on an annualized basis and a yield of 3.75%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.