55,635 Shares in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Purchased by Jessup Wealth Management Inc

Jessup Wealth Management Inc acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 55,635 shares of the exchange traded fund’s stock, valued at approximately $5,143,000. iShares 7-10 Year Treasury Bond ETF makes up about 2.2% of Jessup Wealth Management Inc’s holdings, making the stock its 17th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in IEF. Logan Capital Management Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $25,000. Montag A & Associates Inc. lifted its position 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 purchasing an additional 160 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth approximately $34,000. Van ECK Associates Corp purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $35,000. Finally, Dunhill Financial LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $38,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

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

IEF stock opened at $92.97 on Thursday. The company has a 50 day moving average of $92.65 and a two-hundred day moving average of $94.95. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18. The company has a market cap of $32.03 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 company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.2964 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date was Monday, February 3rd.

iShares 7-10 Year Treasury Bond ETF 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.