Timber Creek Capital Management LLC Trims Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Timber Creek Capital Management LLC lessened its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,795 shares of the exchange traded fund’s stock after selling 638 shares during the period. Timber Creek Capital Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $536,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Logan Capital Management Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth about $25,000. Montag A & Associates Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 113.5% during the 4th 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. Hazlett Burt & Watson Inc. purchased 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 position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $35,000. Finally, Dunhill Financial LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF opened at $92.82 on Wednesday. The company has a market capitalization of $31.98 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The company’s 50-day simple moving average is $92.72 and its two-hundred day simple moving average is $95.00. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2964 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date was Monday, February 3rd.

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.