iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) is Beacon Wealthcare LLC’s 2nd Largest Position

Beacon Wealthcare LLC trimmed its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,776 shares of the exchange traded fund’s stock after selling 5,236 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises 14.6% of Beacon Wealthcare LLC’s holdings, making the stock its 2nd largest position. Beacon Wealthcare LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $36,035,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Logan Capital Management Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $25,000. Hazlett Burt & Watson Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $34,000. Van ECK Associates Corp acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $35,000. Dunhill Financial LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at $38,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth $43,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.2 %

iShares 7-10 Year Treasury Bond ETF stock traded down $0.16 during midday trading on Friday, reaching $92.34. 2,338,876 shares of the stock traded hands, compared to its average volume of 3,626,577. The firm has a market cap of $32.80 billion, a PE ratio of -21.67 and a beta of 0.05. The company has a 50-day simple moving average of $93.77 and a two-hundred day simple moving average of $95.41. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.3075 per share. This represents a $3.69 dividend on an annualized basis and a dividend yield of 4.00%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Wednesday, December 18th.

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.