Sykon Capital LLC Acquires 9,433 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Sykon Capital LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 295.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,626 shares of the exchange traded fund’s stock after purchasing an additional 9,433 shares during the quarter. Sykon Capital LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,217,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IEF. Truist Financial Corp grew its stake in iShares 7-10 Year Treasury Bond ETF by 43.6% in the fourth quarter. Truist Financial Corp now owns 1,562,835 shares of the exchange traded fund’s stock valued at $150,642,000 after acquiring an additional 474,819 shares during the period. Csenge Advisory Group grew its stake in iShares 7-10 Year Treasury Bond ETF by 9.0% in the third quarter. Csenge Advisory Group now owns 158,821 shares of the exchange traded fund’s stock valued at $14,546,000 after acquiring an additional 13,115 shares during the period. Bison Wealth LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $2,274,000. Capital Analysts LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 8.0% in the fourth quarter. Capital Analysts LLC now owns 28,773 shares of the exchange traded fund’s stock valued at $2,773,000 after acquiring an additional 2,125 shares during the period. Finally, Simplicity Wealth LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 146.3% in the fourth quarter. Simplicity Wealth LLC now owns 11,425 shares of the exchange traded fund’s stock valued at $1,101,000 after acquiring an additional 6,787 shares during the period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.6 %

Shares of NASDAQ:IEF traded up $0.51 during mid-day trading on Friday, hitting $92.46. 8,501,120 shares of the company traded hands, compared to its average volume of 8,849,194. The stock has a market cap of $28.45 billion, a P/E ratio of -21.67 and a beta of 0.17. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.86 and a 12-month high of $100.80. The stock has a 50-day moving average price of $93.29 and a two-hundred day moving average price of $93.67.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.2709 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $3.25 dividend on an annualized basis and a yield of 3.52%.

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.