iShares 7-10 Year Treasury Bond ETF $IEF Position Lifted by Beacon Wealthcare LLC

Beacon Wealthcare LLC raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 430,508 shares of the exchange traded fund’s stock after buying an additional 10,570 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises 12.2% of Beacon Wealthcare LLC’s investment portfolio, making the stock its 2nd largest position. Beacon Wealthcare LLC owned 0.09% of iShares 7-10 Year Treasury Bond ETF worth $38,449,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in iShares 7-10 Year Treasury Bond ETF by 28.1% during the 4th quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock valued at $3,287,698,000 after purchasing an additional 7,506,518 shares in the last quarter. Bank of America Corp DE boosted its stake 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 valued at $2,185,584,000 after buying an additional 9,414,689 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake 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 buying an additional 630,060 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.8% during the 1st quarter. Blue Trust Inc. now owns 6,475,952 shares of the exchange traded fund’s stock valued at $618,065,000 after buying an additional 354,797 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 13.0% during the fourth quarter. Captrust Financial Advisors now owns 5,781,000 shares of the exchange traded fund’s stock worth $555,901,000 after buying an additional 666,409 shares in the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:IEF traded down $0.20 during midday trading on Friday, reaching $89.09. The company had a trading volume of 10,097,702 shares, compared to its average volume of 8,715,453. The stock has a market capitalization of $40.95 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock’s fifty day moving average price is $92.10 and its 200-day moving average price is $93.68. iShares 7-10 Year Treasury Bond ETF has a one year low of $88.64 and a one year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be given a dividend of $0.3069 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $3.68 annualized dividend and a dividend 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.