Cynosure Group LLC Acquires Shares of 118,856 iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Cynosure Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 118,856 shares of the exchange traded fund’s stock, valued at approximately $11,662,000. iShares 7-10 Year Treasury Bond ETF makes up about 1.7% of Cynosure Group LLC’s portfolio, making the stock its 16th biggest holding.

Several other institutional investors have also modified their holdings of IEF. Capital Investment Counsel Inc acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at $25,000. Innealta Capital LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth $28,000. Hazlett Burt & Watson Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $34,000. Van ECK Associates Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $35,000. Finally, Riggs Asset Managment Co. Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $36,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $94.41 on Wednesday. The business has a 50 day simple moving average of $95.52 and a 200 day simple moving average of $95.36. The firm has a market capitalization of $33.53 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a dividend of $0.2916 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.50 annualized dividend and a yield of 3.71%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.