Ipsen Advisor Group LLC Takes Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Ipsen Advisor Group LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,065 shares of the exchange traded fund’s stock, valued at approximately $283,000.

Several other large investors have also made changes to their positions in IEF. Logan Capital Management Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $25,000. Montag A & Associates Inc. increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 160 shares during the last quarter. BankPlus Trust Department purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $31,000. Dunhill Financial LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $38,000. Finally, HM Payson & Co. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $94.63 on Wednesday. The company has a 50 day simple moving average of $93.71 and a two-hundred day simple moving average of $94.47. The company has a market capitalization of $32.60 billion, a price-to-earnings ratio of -22.19 and a beta of 0.05. 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.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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