Beam Wealth Advisors Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Free Report) by 20.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 38,900 shares of the exchange traded fund’s stock after purchasing an additional 6,694 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for approximately 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 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of IEF. Fisher Asset Management LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 53.8% in the fourth quarter. Fisher Asset Management LLC now owns 134,832,971 shares of the exchange traded fund’s stock valued at $12,965,539,000 after purchasing an additional 47,170,533 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iShares 7-10 Year Treasury Bond ETF by 28.1% during the fourth quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock worth $3,287,698,000 after buying an additional 7,506,518 shares in the last quarter. Morgan Stanley increased its holdings in iShares 7-10 Year Treasury Bond ETF by 19.1% in the 4th quarter. Morgan Stanley now owns 17,039,671 shares of the exchange traded fund’s stock valued at $1,638,535,000 after buying an additional 2,737,040 shares during the period. Ameriprise Financial Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 28.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 14,950,581 shares of the exchange traded fund’s stock valued at $1,443,272,000 after buying an additional 3,291,267 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% in the 2nd quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock valued at $956,908,000 after buying an additional 495,772 shares in the last quarter. 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 $93.51 on Thursday. The company has a 50-day moving average of $94.24 and a 200-day moving average of $95.42. The company has a market capitalization of $46.76 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.94 and a 52 week high of $98.04.
iShares 7-10 Year Treasury Bond ETF Announces Dividend
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. 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.
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