Lazari Capital Management Inc. Takes $247,000 Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Lazari Capital Management Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,674 shares of the exchange traded fund’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JB Capital LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $429,000. Horst & Graben Wealth Management LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 15.1% during the 4th quarter. Horst & Graben Wealth Management LLC now owns 3,060 shares of the exchange traded fund’s stock worth $283,000 after purchasing an additional 401 shares in the last quarter. Tanglewood Wealth Management Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $828,000. SkyOak Wealth LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 8.2% during the 4th quarter. SkyOak Wealth LLC now owns 91,273 shares of the exchange traded fund’s stock worth $8,438,000 after purchasing an additional 6,905 shares in the last quarter. Finally, Lunt Capital Management Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $438,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF opened at $93.02 on Monday. The stock has a market cap of $31.97 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18. The firm has a 50 day simple moving average of $93.11 and a 200-day simple moving average of $95.15.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.3075 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.