iShares 7-10 Year Treasury Bond ETF $IEF Stock Sold by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. decreased its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 57.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Windsor Advisory Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at $27,000. Strive Financial Group LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 483.0% in the 2nd quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 256 shares during the period. Compass Financial Management LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $29,000. West Branch Capital LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 63.3% in the 3rd quarter. West Branch Capital LLC now owns 343 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 133 shares during the last quarter. Finally, Navigoe LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the 1st quarter worth $33,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $91.86 on Friday. The firm’s 50-day moving average is $90.73 and its 200-day moving average is $93.77. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $88.64 and a 52-week high of $98.04. The company has a market cap of $44.63 billion, a price-to-earnings ratio of -22.00 and a beta of 0.27.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

iShares 7-10 Year Treasury Bond ETF 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.