214,991 Shares in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Purchased by Madison Investment Advisors LLC

Madison Investment Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 214,991 shares of the exchange traded fund’s stock, valued at approximately $19,876,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IEF. Logan Capital Management Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $25,000. Montag A & Associates Inc. boosted its holdings in 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 in the last quarter. BankPlus Trust Department purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $31,000. Van ECK Associates Corp purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $35,000. Finally, Dunhill Financial LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.3 %

Shares of IEF opened at $94.43 on Thursday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The stock’s 50 day moving average is $93.19 and its two-hundred day moving average is $94.68. The firm has a market capitalization of $32.53 billion, a PE ratio of -22.34 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

iShares 7-10 Year Treasury Bond ETF Company 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.