Burns Matteson Capital Management LLC Makes New Investment in iShares 7-10 Year Treasury Bond ETF $IEF

Burns Matteson Capital Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,550 shares of the exchange traded fund’s stock, valued at approximately $2,561,000. iShares 7-10 Year Treasury Bond ETF makes up approximately 0.9% of Burns Matteson Capital Management LLC’s portfolio, making the stock its 27th biggest position.

A number of other institutional investors have also made changes to their positions in IEF. Silicon Valley Capital Partners acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at $32,000. Twin Peaks Wealth Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $37,000. WFA of San Diego LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at about $40,000. Richards Merrill & Peterson Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $48,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $52,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $96.44 on Friday. The company has a market capitalization of $40.23 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $97.77. The stock has a 50-day moving average price of $96.80 and a 200 day moving average price of $96.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a $0.3127 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Friday, December 19th.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.