SeaBridge Investment Advisors LLC Grows Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

SeaBridge Investment Advisors LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1,093.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 247,025 shares of the exchange traded fund’s stock after buying an additional 226,320 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises approximately 3.9% of SeaBridge Investment Advisors LLC’s investment portfolio, making the stock its biggest position. SeaBridge Investment Advisors LLC owned approximately 0.06% of iShares 7-10 Year Treasury Bond ETF worth $23,828,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth $37,000. WFA of San Diego LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $40,000. Richards Merrill & Peterson Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $48,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1%

Shares of IEF opened at $96.30 on Wednesday. The business’s 50-day moving average price is $96.62 and its 200 day moving average price is $96.16. The stock has a market capitalization of $45.53 billion, a P/E ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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. 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.