Synovus Financial Corp Has $4.07 Million Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Synovus Financial Corp lifted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,459 shares of the exchange traded fund’s stock after buying an additional 1,830 shares during the period. Synovus Financial Corp’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in IEF. Capital Investment Counsel Inc bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth $25,000. Innealta Capital LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $34,000. Van ECK Associates Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $35,000. Finally, Riggs Asset Managment Co. Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.5 %

NASDAQ IEF opened at $93.69 on Friday. The company has a market capitalization of $33.28 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The stock has a fifty day simple moving average of $94.65 and a 200 day simple moving average of $95.50.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, December 5th. Investors of record on Monday, December 2nd were issued a $0.292 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, December 2nd.

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.