Procyon Advisors LLC Takes Position in iShares 7-10 Year Treasury Bond ETF $IEF

Procyon Advisors LLC bought 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 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,267 shares of the exchange traded fund’s stock, valued at approximately $3,584,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IEF. Fisher Asset Management LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 52.1% in the 3rd quarter. Fisher Asset Management LLC now owns 87,662,438 shares of the exchange traded fund’s stock worth $8,455,919,000 after purchasing an additional 30,011,547 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 28.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock valued at $1,443,272,000 after purchasing an additional 3,291,267 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 5,080.3% during the second quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock valued at $60,244,000 after buying an additional 616,905 shares during the period. Soros Fund Management LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $47,885,000. Finally, Captrust Financial Advisors lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% in the 2nd quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock valued at $956,908,000 after purchasing an additional 495,772 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.9%

NASDAQ IEF opened at $94.88 on Friday. The firm has a market capitalization of $46.34 billion, a PE ratio of -22.00 and a beta of 0.26. The stock’s 50 day moving average is $96.36 and its 200 day moving average is $96.59. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.79 and a twelve month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.2828 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, March 2nd.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.