Wealth Management Resources Inc. Grows Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Wealth Management Resources Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 298,096 shares of the exchange traded fund’s stock after buying an additional 5,930 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up approximately 9.3% of Wealth Management Resources Inc.’s holdings, making the stock its 4th largest holding. Wealth Management Resources Inc. owned approximately 0.07% of iShares 7-10 Year Treasury Bond ETF worth $28,754,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Greenwood Capital Associates LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 1.1% in the third quarter. Greenwood Capital Associates LLC now owns 89,556 shares of the exchange traded fund’s stock valued at $8,639,000 after acquiring an additional 1,004 shares during the period. Lockerman Financial Group Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $320,000. Burns Matteson Capital Management LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $2,561,000. PFS Partners LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth about $55,000. Finally, Nvwm LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 1.4% in the 3rd quarter. Nvwm LLC now owns 43,328 shares of the exchange traded fund’s stock worth $4,179,000 after purchasing an additional 593 shares during the period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEF opened at $96.44 on Friday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.08 and a 1 year high of $97.77. The firm has a 50-day simple moving average of $96.80 and a two-hundred day simple moving average of $96.05. The company has a market cap of $40.23 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a dividend of $0.3127 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.