19,465 Shares in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Acquired by Veridan Wealth LLC

Veridan Wealth LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,465 shares of the exchange traded fund’s stock, valued at approximately $1,806,000.

Other hedge funds also recently added to or reduced their stakes in the company. Logan Capital Management Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at $25,000. Montag A & Associates Inc. lifted its holdings in shares of 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 purchasing an additional 160 shares during the last quarter. BankPlus Trust Department purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $31,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $34,000. Finally, Van ECK Associates Corp purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $35,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1 %

IEF stock opened at $94.80 on Friday. The business has a 50 day simple moving average of $92.70 and a 200-day simple moving average of $94.85. The company has a market capitalization of $32.66 billion, a P/E ratio of -21.67 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 Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2964 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date was Monday, February 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.