Pasadena Private Wealth LLC Boosts Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Pasadena Private Wealth LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,559 shares of the exchange traded fund’s stock after purchasing an additional 129 shares during the period. Pasadena Private Wealth LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HBK Sorce Advisory LLC lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 3.8% in the 4th quarter. HBK Sorce Advisory LLC now owns 4,094 shares of the exchange traded fund’s stock worth $395,000 after purchasing an additional 150 shares in the last quarter. Nemes Rush Group LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 57.4% in the 4th quarter. Nemes Rush Group LLC now owns 425 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 155 shares during the period. Cape Investment Advisory Inc. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 6.8% in the 4th quarter. Cape Investment Advisory Inc. now owns 2,589 shares of the exchange traded fund’s stock worth $250,000 after purchasing an additional 164 shares during the period. Retirement Systems of Alabama boosted its stake in iShares 7-10 Year Treasury Bond ETF by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 46,175 shares of the exchange traded fund’s stock worth $4,451,000 after purchasing an additional 180 shares during the period. Finally, PFG Investments LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 3.6% in the 4th quarter. PFG Investments LLC now owns 5,476 shares of the exchange traded fund’s stock worth $528,000 after purchasing an additional 192 shares during the period. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.0 %

IEF stock traded up $0.04 during midday trading on Friday, hitting $94.19. The company’s stock had a trading volume of 1,096,821 shares, compared to its average volume of 7,875,982. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $88.86 and a 12 month high of $97.19. The firm has a market capitalization of $28.86 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The company has a 50 day moving average of $93.00 and a two-hundred day moving average of $94.08.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were paid a $0.2764 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $3.32 annualized dividend and a yield of 3.52%.

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.