Canal Capital Management LLC Has $2.55 Million Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Canal Capital Management LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,598 shares of the exchange traded fund’s stock after buying an additional 1,057 shares during the period. Canal Capital Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,551,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 13.2% in the fourth quarter. Vontobel Holding Ltd. now owns 2,579 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 301 shares during the period. Greatmark Investment Partners Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 1.9% during the 4th quarter. Greatmark Investment Partners Inc. now owns 34,101 shares of the exchange traded fund’s stock worth $3,153,000 after purchasing an additional 625 shares in the last quarter. Portland Global Advisors LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.3% during the 4th quarter. Portland Global Advisors LLC now owns 183,848 shares of the exchange traded fund’s stock worth $16,997,000 after acquiring an additional 9,264 shares during the period. Beam Wealth Advisors Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.7% in the 4th quarter. Beam Wealth Advisors Inc. now owns 36,617 shares of the exchange traded fund’s stock valued at $3,385,000 after purchasing an additional 1,303 shares during the period. Finally, Syntax Research Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 12.7% during the fourth quarter. Syntax Research Inc. now owns 53,563 shares of the exchange traded fund’s stock worth $4,952,000 after acquiring an additional 6,019 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $94.68 on Monday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The stock’s fifty day moving average is $94.54 and its 200-day moving average is $94.01. The stock has a market capitalization of $34.64 billion, a PE ratio of -22.63 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.3037 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Tuesday, April 1st.

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.