Hamlin Capital Management LLC Takes Position in iShares 7-10 Year Treasury Bond ETF $IEF

Hamlin Capital Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,756 shares of the exchange traded fund’s stock, valued at approximately $1,037,000. iShares 7-10 Year Treasury Bond ETF makes up 0.0% of Hamlin Capital Management LLC’s investment portfolio, making the stock its 26th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $27,000. Balentine LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $29,000. Cornerstone Planning Group LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 249.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 222 shares in the last quarter. Silicon Valley Capital Partners purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at about $32,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $37,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock opened at $95.59 on Monday. The company’s 50 day moving average price is $96.42 and its 200 day moving average price is $96.61. The firm has a market capitalization of $46.69 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.79 and a fifty-two week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.2828 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

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.