Karpus Management Inc. Has $1.37 Million Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Karpus Management Inc. trimmed its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 34.6% during the first quarter, Holdings Channel.com reports. The firm owned 14,420 shares of the exchange traded fund’s stock after selling 7,645 shares during the period. Karpus Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,365,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Tsfg LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 314.1% during the first quarter. Tsfg LLC now owns 265 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 201 shares during the last quarter. Islay Capital Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth approximately $29,000. SouthState Corp bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth approximately $29,000. CVA Family Office LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth approximately $30,000. Finally, Oakworth Capital Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 233.7% during the fourth quarter. Oakworth Capital Inc. now owns 307 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 215 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.2 %

Shares of IEF traded up $0.21 on Thursday, reaching $94.56. 4,335,665 shares of the company’s stock were exchanged, compared to its average volume of 7,637,000. The stock has a market capitalization of $28.65 billion, a P/E ratio of -21.67 and a beta of 0.05. The business has a 50 day moving average price of $93.79 and a two-hundred day moving average price of $93.84. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $88.86 and a 12 month high of $97.11.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were paid a dividend of $0.2851 per share. This represents a $3.42 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Monday, July 1st.

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.