Peapack Gladstone Financial Corp Buys New Position in iShares 7-10 Year Treasury Bond ETF $IEF

Peapack Gladstone Financial Corp bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,364 shares of the exchange traded fund’s stock, valued at approximately $515,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Elevated Capital Advisors LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $25,000. Balentine LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $29,000. Asset Dedication LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $29,000. Finally, Cornerstone Planning Group LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 249.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 222 shares in the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $94.00 on Thursday. The firm has a market capitalization of $47.95 billion, a P/E ratio of -22.00 and a beta of 0.26. The business’s 50-day moving average is $94.81 and its two-hundred day moving average is $95.87. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $92.94 and a 1 year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, June 1st will be given a $0.3172 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.