ORG Partners LLC Buys 21,121 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

ORG Partners LLC grew its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 127.9% during the fourth quarter, HoldingsChannel reports. The firm owned 37,633 shares of the exchange traded fund’s stock after buying an additional 21,121 shares during the quarter. ORG Partners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IEF. Logan Capital Management Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $34,000. Van ECK Associates Corp acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth $35,000. Dunhill Financial LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth $38,000. Finally, Rakuten Securities Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 45.1% during the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 153 shares during 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 0.6 %

NASDAQ IEF traded down $0.51 during midday trading on Friday, hitting $91.49. The company had a trading volume of 1,854,448 shares, compared to its average volume of 4,225,243. The firm has a fifty day simple moving average of $93.52 and a two-hundred day simple moving average of $95.33. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.02 and a fifty-two week high of $99.18. The stock has a market cap of $31.04 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.3075 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 dividend on an annualized basis and a yield of 4.03%.

iShares 7-10 Year Treasury Bond ETF Company Profile

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.