Hanlon Investment Management Inc. Has $1.42 Million Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Hanlon Investment Management Inc. grew its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 41.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,465 shares of the exchange traded fund’s stock after purchasing an additional 4,212 shares during the period. Hanlon Investment Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,419,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IEF. Capital Investment Counsel Inc acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $25,000. Innealta Capital LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at about $28,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $34,000. Van ECK Associates Corp bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $35,000. Finally, Riggs Asset Managment Co. Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $36,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $94.02 on Tuesday. The firm has a market cap of $33.40 billion, a P/E ratio of -21.67 and a beta of 0.05. The business has a 50 day moving average price of $96.94 and a 200 day moving average price of $95.16. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $90.68 and a twelve month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be paid a $0.2916 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.72%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend is 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.