M Holdings Securities Inc. Acquires New Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

M Holdings Securities Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 4th quarter, Holdings Channel reports. The institutional investor bought 3,126 shares of the exchange traded fund’s stock, valued at approximately $289,000.

Other hedge funds have also recently bought and sold shares of the company. Summit Global Investments lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.6% in the fourth quarter. Summit Global Investments now owns 10,297 shares of the exchange traded fund’s stock valued at $952,000 after purchasing an additional 542 shares in the last quarter. Oxford Financial Group LTD. LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $150,000. Palogic Value Management L.P. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $3,421,000. HUB Investment Partners LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $961,000. Finally, TAP Consulting LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 6.0% during the 4th quarter. TAP Consulting LLC now owns 73,107 shares of the exchange traded fund’s stock worth $6,759,000 after acquiring an additional 4,110 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.1 %

NASDAQ IEF opened at $95.02 on Friday. The firm’s 50 day moving average is $93.58 and its 200-day moving average is $94.55. The company has a market capitalization of $32.73 billion, a PE ratio of -22.19 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 Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.2754 dividend. The ex-dividend date was 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.