Beam Wealth Advisors Inc. Acquires 6,694 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Beam Wealth Advisors Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 20.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,900 shares of the exchange traded fund’s stock after buying an additional 6,694 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises 0.9% of Beam Wealth Advisors Inc.’s investment portfolio, making the stock its 25th largest holding. Beam Wealth Advisors Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,713,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of IEF. Seelaus Asset Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter worth $874,000. Greenwood Capital Associates LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 4.4% during the 1st quarter. Greenwood Capital Associates LLC now owns 70,511 shares of the exchange traded fund’s stock valued at $6,730,000 after purchasing an additional 2,950 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in iShares 7-10 Year Treasury Bond ETF by 7.9% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 43,097 shares of the exchange traded fund’s stock valued at $4,113,000 after purchasing an additional 3,137 shares during the last quarter. Ascent Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at $6,932,000. Finally, Richmond Investment Services LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 1st quarter valued at $1,705,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $93.51 on Thursday. The company has a market cap of $46.76 billion, a PE ratio of -22.00 and a beta of 0.26. The firm has a fifty day moving average price of $94.24 and a two-hundred day moving average price of $95.42. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.94 and a fifty-two week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.3111 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

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.