Townsquare Capital LLC Has $17.74 Million Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Townsquare Capital LLC decreased its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 180,753 shares of the exchange traded fund’s stock after selling 12,973 shares during the period. Townsquare Capital LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $17,736,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IEF. Capital Investment Counsel Inc acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth approximately $25,000. Innealta Capital LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $28,000. Hazlett Burt & Watson Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $34,000. Van ECK Associates Corp bought a new position in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $35,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $36,000. Institutional investors own 81.48% of the company’s stock.

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

IEF stock opened at $94.41 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The company has a market cap of $33.53 billion, a P/E ratio of -21.67 and a beta of 0.05. The business has a fifty day moving average of $95.52 and a 200-day moving average of $95.36.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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.