37,000 Shares in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Purchased by Palogic Value Management L.P.

Palogic Value Management L.P. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 37,000 shares of the exchange traded fund’s stock, valued at approximately $3,421,000. iShares 7-10 Year Treasury Bond ETF comprises approximately 1.3% of Palogic Value Management L.P.’s investment portfolio, making the stock its 21st largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the business. WealthTrak Capital Management LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $3,636,000. Biondo Investment Advisors LLC grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 2.9% during the 4th quarter. Biondo Investment Advisors LLC now owns 13,015 shares of the exchange traded fund’s stock worth $1,203,000 after acquiring an additional 370 shares during the period. Maridea Wealth Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $534,000. Blair William & Co. IL lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 26.5% in the 4th quarter. Blair William & Co. IL now owns 15,714 shares of the exchange traded fund’s stock valued at $1,453,000 after purchasing an additional 3,296 shares during the period. Finally, Howe & Rusling Inc. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 54.2% during the fourth quarter. Howe & Rusling Inc. now owns 2,057 shares of the exchange traded fund’s stock valued at $190,000 after purchasing an additional 723 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.8 %

IEF opened at $95.09 on Friday. The company has a market cap of $32.76 billion, a price-to-earnings ratio of -22.19 and a beta of 0.05. The stock has a fifty day simple moving average of $93.85 and a two-hundred day simple moving average of $94.45. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.2754 dividend. The ex-dividend date of this dividend was Monday, March 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.