Arrien Investments Inc. Invests $1.01 Million in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Arrien Investments Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 4th quarter, Holdings Channel.com reports. The firm bought 10,838 shares of the exchange traded fund’s stock, valued at approximately $1,010,000. iShares 7-10 Year Treasury Bond ETF makes up approximately 0.7% of Arrien Investments Inc.’s holdings, making the stock its 18th largest position.

Several other hedge funds also recently made changes to their positions in the business. Logan Capital Management Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $25,000. Montag A & Associates Inc. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 113.5% in the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 160 shares in the last quarter. BankPlus Trust Department bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $31,000. Dunhill Financial LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $38,000. Finally, HM Payson & Co. bought a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.3 %

Shares of IEF stock opened at $94.48 on Monday. The firm has a market capitalization of $32.55 billion, a price-to-earnings ratio of -22.34 and a beta of 0.05. The firm’s 50 day moving average is $93.28 and its 200-day moving average is $94.62. 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 Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.2754 dividend. The ex-dividend date was Monday, March 3rd.

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.