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

Wealth Management Resources Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.5% during the 3rd quarter, Holdings Channel.com reports. 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 accounts for about 7.4% of Wealth Management Resources Inc.’s investment portfolio, making the stock its 6th biggest holding. Wealth Management Resources Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $24,064,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in IEF. Windsor Advisory Group LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter worth $27,000. Compass Financial Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at $29,000. Strive Financial Group LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 483.0% in the second quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 256 shares in the last quarter. West Branch Capital LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 63.3% in the third quarter. West Branch Capital LLC now owns 343 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 133 shares in the last quarter. Finally, Navigoe LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the first quarter valued at $33,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

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

NASDAQ:IEF opened at $90.25 on Wednesday. The firm has a market cap of $41.52 billion, a PE ratio of -22.00 and a beta of 0.26. The stock has a fifty day moving average price of $91.19 and a 200 day moving average price of $93.16. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $88.64 and a 12-month high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

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. 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.