iShares 7-10 Year Treasury Bond ETF $IEF Position Lifted by Wealth Management Resources Inc.

Wealth Management Resources Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 269,444 shares of the exchange traded fund’s stock after purchasing an additional 9,128 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up about 7.4% of Wealth Management Resources Inc.’s holdings, making the stock its 6th largest holding. Wealth Management Resources Inc. owned approximately 0.06% of iShares 7-10 Year Treasury Bond ETF worth $24,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 69.8% during the 1st quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock worth $2,185,584,000 after acquiring an additional 9,414,689 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock valued at $1,454,685,000 after acquiring an additional 630,060 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 5.8% in the first quarter. Blue Trust Inc. now owns 6,475,952 shares of the exchange traded fund’s stock valued at $618,065,000 after purchasing an additional 354,797 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,068,013 shares of the exchange traded fund’s stock valued at $479,282,000 after buying an additional 217,157 shares during the period. Finally, Royal Bank of Canada grew its position in iShares 7-10 Year Treasury Bond ETF by 250.4% in the first quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock worth $323,377,000 after acquiring an additional 2,421,315 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

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

IEF stock opened at $90.25 on Wednesday. The business has a fifty day moving average of $91.19 and a two-hundred day moving average of $93.16. The stock has a market cap of $41.52 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $88.64 and a 52-week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.3069 per share. This represents a $3.68 annualized dividend and a yield of 4.1%. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date of this dividend was Thursday, October 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. 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.