Burns Matteson Capital Management LLC Makes New Investment in iShares 7-10 Year Treasury Bond ETF $IEF

Burns Matteson Capital Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the third quarter, Holdings Channel reports. The firm bought 36,644 shares of the exchange traded fund’s stock, valued at approximately $3,273,000. iShares 7-10 Year Treasury Bond ETF comprises 1.1% of Burns Matteson Capital Management LLC’s investment portfolio, making the stock its 20th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Wealth Partners LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 159.7% in the first quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock valued at $2,064,000 after purchasing an additional 13,298 shares during the period. IMC Chicago LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 58.2% during the 2nd quarter. IMC Chicago LLC now owns 55,388 shares of the exchange traded fund’s stock worth $5,238,000 after purchasing an additional 20,379 shares in the last quarter. Centerline Wealth Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $2,636,000. White Pine Investment CO increased its holdings in iShares 7-10 Year Treasury Bond ETF by 10.7% during the 1st quarter. White Pine Investment CO now owns 78,323 shares of the exchange traded fund’s stock worth $7,475,000 after purchasing an additional 7,570 shares during the period. Finally, Resonant Capital Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 1st quarter worth about $1,868,000. 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 $90.42 on Friday. The firm has a market capitalization of $41.53 billion, a P/E ratio of -22.00 and a beta of 0.26. The business’s 50-day moving average is $91.29 and its two-hundred day moving average is $93.24. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $88.64 and a 1 year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.3069 per share. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, October 1st.

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. 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.