Forte Asset Management LLC Takes Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Forte Asset Management LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, Holdings Channel.com reports. The firm purchased 37,474 shares of the exchange traded fund’s stock, valued at approximately $3,612,000. iShares 7-10 Year Treasury Bond ETF comprises 2.5% of Forte Asset Management LLC’s portfolio, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Western Wealth Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $346,000. AIA Group Ltd purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth $9,986,000. Cambridge Trust Co. grew its stake in iShares 7-10 Year Treasury Bond ETF by 5.1% during the 4th quarter. Cambridge Trust Co. now owns 636,686 shares of the exchange traded fund’s stock worth $61,370,000 after buying an additional 30,746 shares during the last quarter. Oliver Lagore Vanvalin Investment Group grew its stake in iShares 7-10 Year Treasury Bond ETF by 24,734.3% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 57,864 shares of the exchange traded fund’s stock worth $5,578,000 after buying an additional 57,631 shares during the last quarter. Finally, Oakworth Capital Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 233.7% during the 4th quarter. Oakworth Capital Inc. now owns 307 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 215 shares during the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.2 %

IEF stock traded up $0.15 on Friday, hitting $91.77. 1,765,328 shares of the company’s stock were exchanged, compared to its average volume of 8,993,577. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.86 and a 12-month high of $100.80. The firm has a 50 day moving average price of $93.77 and a two-hundred day moving average price of $93.57.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.2758 per share. The ex-dividend date was Monday, April 1st. This represents a $3.31 annualized dividend and a yield of 3.61%.

About iShares 7-10 Year Treasury Bond ETF

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.