King Luther Capital Management Corp Acquires 24,080 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

King Luther Capital Management Corp lifted its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 962.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 26,581 shares of the exchange traded fund’s stock after purchasing an additional 24,080 shares during the period. King Luther Capital Management Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,457,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. J. W. Coons Advisors LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 1.0% in the third quarter. J. W. Coons Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock valued at $1,299,000 after purchasing an additional 135 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.2% in the 4th quarter. Savant Capital LLC now owns 4,459 shares of the exchange traded fund’s stock valued at $412,000 after buying an additional 139 shares during the last quarter. Drive Wealth Management LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.0% in the third quarter. Drive Wealth Management LLC now owns 4,924 shares of the exchange traded fund’s stock valued at $483,000 after buying an additional 144 shares in the last quarter. Intergy Private Wealth LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 6.2% during the fourth quarter. Intergy Private Wealth LLC now owns 2,504 shares of the exchange traded fund’s stock worth $231,000 after buying an additional 146 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 0.3% during the fourth quarter. Atomi Financial Group Inc. now owns 55,128 shares of the exchange traded fund’s stock worth $5,097,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $94.43 on Thursday. The company has a fifty day moving average price of $93.19 and a two-hundred day moving average price of $94.68. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The stock has a market cap of $32.53 billion, a P/E ratio of -22.34 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

iShares 7-10 Year Treasury Bond ETF 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.