Meridian Wealth Management LLC Has $4.08 Million Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Meridian Wealth Management LLC cut its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,772 shares of the exchange traded fund’s stock after selling 648 shares during the quarter. Meridian Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,079,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% in the 1st quarter. JPMorgan Chase & Co. now owns 28,076,649 shares of the exchange traded fund’s stock valued at $2,677,872,000 after purchasing an additional 1,333,142 shares during the period. Envestnet Asset Management Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 1.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,398,140 shares of the exchange traded fund’s stock valued at $1,182,411,000 after buying an additional 180,171 shares in the last quarter. LPL Financial LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 18.2% in the 1st quarter. LPL Financial LLC now owns 4,376,591 shares of the exchange traded fund’s stock valued at $417,395,000 after buying an additional 673,678 shares in the last quarter. Cerity Partners OCIO LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 16.3% in the 1st quarter. Cerity Partners OCIO LLC now owns 2,873,480 shares of the exchange traded fund’s stock valued at $274,044,000 after buying an additional 402,205 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in iShares 7-10 Year Treasury Bond ETF by 13.5% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,659,371 shares of the exchange traded fund’s stock valued at $253,624,000 after buying an additional 316,910 shares in the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $95.38 on Monday. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $99.18. The firm has a market capitalization of $35.49 billion, a price-to-earnings ratio of -22.00 and a beta of 0.05. The business has a 50-day simple moving average of $94.71 and a 200 day simple moving average of $94.43.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, August 1st were given a $0.3088 dividend. The ex-dividend date of this dividend was Friday, August 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.30.

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.