Sykon Capital LLC Grows Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Sykon Capital LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 295.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 12,626 shares of the exchange traded fund’s stock after buying 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 reporting period.

A number of other hedge funds have also bought and sold shares of IEF. Vestmark Advisory Solutions Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $715,000. Sapient Capital LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth about $369,000. Axxcess Wealth Management LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 28.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 134,996 shares of the exchange traded fund’s stock valued at $13,012,000 after purchasing an additional 29,516 shares during the period. Power Wealth Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $277,000. Finally, One Charles Private Wealth Services LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 93.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 8,641 shares of the exchange traded fund’s stock valued at $833,000 after purchasing an additional 4,164 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF traded up $0.51 on Friday, reaching $92.46. The company’s stock had a trading volume of 8,501,120 shares, compared to its average volume of 8,849,194. The stock’s 50 day simple moving average is $93.29 and its two-hundred day simple moving average is $93.67. The stock has a market capitalization 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.

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. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.2709 per share. This represents a $3.25 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Wednesday, May 1st.

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.