iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Shares Bought by Canal Capital Management LLC

Canal Capital Management LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,157 shares of the exchange traded fund’s stock after buying an additional 2,159 shares during the quarter. Canal Capital Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $2,450,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Tsfg LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 314.1% in the first quarter. Tsfg LLC now owns 265 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 201 shares during the period. Capital Investment Counsel Inc bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $25,000. Innealta Capital LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $28,000. SouthState Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $29,000. Finally, Scarborough Advisors LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $32,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.3 %

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $97.07 on Friday. The stock has a market capitalization of $30.25 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.86 and a 12-month high of $98.58. The company has a 50-day simple moving average of $95.65 and a 200 day simple moving average of $94.14.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were paid a $0.2891 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.47 dividend on an annualized basis and a dividend yield of 3.57%.

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.