iShares 7-10 Year Treasury Bond ETF $IEF Stock: Beam Wealth Advisors Inc. Decreases Holdings

Beam Wealth Advisors Inc. lessened its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 57.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,200 shares of the exchange traded fund’s stock after selling 23,124 shares during the period. Beam Wealth Advisors Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $1,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 69.8% in the 1st quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock valued at $2,185,584,000 after buying an additional 9,414,689 shares in the last quarter. 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.5% during 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 acquiring an additional 217,157 shares in the last quarter. Royal Bank of Canada boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 250.4% during the 1st quarter. Royal Bank of Canada now owns 3,388,286 shares of the exchange traded fund’s stock valued at $323,377,000 after acquiring an additional 2,421,315 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.2% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,399,251 shares of the exchange traded fund’s stock valued at $304,008,000 after acquiring an additional 73,935 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.1%

IEF stock opened at $91.86 on Friday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $88.64 and a 1-year high of $98.04. The firm has a market cap of $44.63 billion, a P/E ratio of -22.00 and a beta of 0.27. The business’s 50 day moving average is $90.73 and its 200-day moving average is $93.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a dividend of $0.3115 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3069. This represents a $3.74 annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, November 2nd.

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.