Greenwood Capital Associates LLC Purchases 1,975 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Greenwood Capital Associates LLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,485 shares of the exchange traded fund’s stock after acquiring an additional 1,975 shares during the period. Greenwood Capital Associates LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,640,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Capital Investment Counsel Inc purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $25,000. Innealta Capital LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $34,000. Van ECK Associates Corp purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $35,000. Finally, Riggs Asset Managment Co. Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $36,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.5 %

Shares of IEF opened at $94.17 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $90.68 and a 1-year high of $99.18. The firm’s 50-day moving average price is $96.94 and its 200-day moving average price is $95.16. The firm has a market capitalization of $33.52 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.2916 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend is Friday, November 1st. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.72%.

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.