HM Payson & Co. Buys New Shares in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

HM Payson & Co. bought a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 433 shares of the exchange traded fund’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. J. W. Coons Advisors LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.0% in the third quarter. J. W. Coons Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock valued at $1,299,000 after acquiring an additional 135 shares during the last quarter. Savant Capital LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 3.2% during the fourth quarter. Savant Capital LLC now owns 4,459 shares of the exchange traded fund’s stock worth $412,000 after buying an additional 139 shares during the last quarter. Drive Wealth Management LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 3.0% during the third quarter. Drive Wealth Management LLC now owns 4,924 shares of the exchange traded fund’s stock worth $483,000 after buying an additional 144 shares during the last quarter. Intergy Private Wealth LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 6.2% during the fourth quarter. Intergy Private Wealth LLC now owns 2,504 shares of the exchange traded fund’s stock worth $231,000 after buying an additional 146 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 0.3% during the fourth quarter. Atomi Financial Group Inc. now owns 55,128 shares of the exchange traded fund’s stock worth $5,097,000 after buying an additional 147 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.7 %

Shares of NASDAQ IEF opened at $95.05 on Tuesday. The business’s 50 day moving average price is $93.11 and its two-hundred day moving average price is $94.70. The company has a market cap of $32.74 billion, a PE ratio of -22.34 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve 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. Shareholders of record on Monday, March 3rd were given a dividend of $0.2754 per share. The ex-dividend date 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.