Cadence Bank Takes Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Cadence Bank bought a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,597 shares of the exchange traded fund’s stock, valued at approximately $942,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Investment Counsel Inc bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $25,000. Innealta Capital LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $28,000. Hazlett Burt & Watson Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $34,000. Van ECK Associates Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $35,000. Finally, Riggs Asset Managment Co. Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $36,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4 %

Shares of NASDAQ:IEF opened at $94.79 on Thursday. The stock has a market capitalization of $33.67 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18. The business has a 50-day moving average price of $95.44 and a two-hundred day moving average price of $95.35.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.2916 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.50 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Friday, November 1st.

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.