Stelac Advisory Services LLC Grows Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Stelac Advisory Services LLC boosted its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 11.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,790 shares of the exchange traded fund’s stock after purchasing an additional 282 shares during the period. Stelac Advisory Services LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Logan Capital Management Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth $25,000. Montag A & Associates Inc. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 160 shares during the period. BankPlus Trust Department bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth $31,000. Van ECK Associates Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $35,000. Finally, Dunhill Financial LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $38,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $94.43 on Thursday. The firm has a market capitalization of $32.53 billion, a price-to-earnings ratio of -22.34 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18. The stock has a fifty day moving average of $93.19 and a 200 day moving average of $94.68.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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