140,906 Shares in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 3rd quarter, Holdings Channel reports. The fund acquired 140,906 shares of the exchange traded fund’s stock, valued at approximately $13,825,000.

Several other institutional investors and hedge funds have also made changes to their positions in IEF. Values First Advisors Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 4.4% in the 2nd quarter. Values First Advisors Inc. now owns 32,278 shares of the exchange traded fund’s stock valued at $3,023,000 after purchasing an additional 1,365 shares during the last quarter. Stanley Laman Group Ltd. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $274,000. Raymond James & Associates increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.6% during the 2nd quarter. Raymond James & Associates now owns 6,346,855 shares of the exchange traded fund’s stock valued at $594,383,000 after acquiring an additional 281,554 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $1,016,000. Finally, CWM LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 109.5% during the 3rd quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock valued at $13,274,000 after acquiring an additional 70,696 shares during the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ IEF opened at $93.60 on Friday. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $91.02 and a 12 month high of $99.18. The company has a 50-day moving average of $95.70 and a 200-day moving average of $95.29. The company has a market cap of $33.25 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a dividend of $0.2916 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.74%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.