SPC Financial Inc. Increases Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

SPC Financial Inc. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,552 shares of the exchange traded fund’s stock after acquiring an additional 2,072 shares during the quarter. SPC Financial Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Logan Capital Management Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $25,000. Montag A & Associates Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 160 shares during the period. BankPlus Trust Department purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $31,000. Hazlett Burt & Watson Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $34,000. Finally, Van ECK Associates Corp purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $95.09 on Wednesday. The stock has a 50-day simple moving average of $92.92 and a 200-day simple moving average of $94.78. The stock has a market capitalization of $32.76 billion, a PE ratio of -22.34 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be paid a $0.2754 dividend. The ex-dividend date is 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.