Wealth Management Resources Inc. Has $18.33 Million Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Wealth Management Resources Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 193,652 shares of the exchange traded fund’s stock after acquiring an additional 10,129 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises 7.9% of Wealth Management Resources Inc.’s portfolio, making the stock its 2nd biggest position. Wealth Management Resources Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $18,331,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tsfg LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 314.1% during the 1st quarter. Tsfg LLC now owns 265 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 201 shares in the last quarter. GoalVest Advisory LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $26,000. SouthState Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $29,000. Islay Capital Management LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $29,000. Finally, Oakworth Capital Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 233.7% during the 4th quarter. Oakworth Capital Inc. now owns 307 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 215 shares in the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF traded up $0.62 on Thursday, reaching $93.64. 3,860,957 shares of the stock traded hands, compared to its average volume of 7,932,900. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $88.86 and a 12 month high of $97.19. The company has a fifty day moving average price of $93.13 and a 200-day moving average price of $94.02. The company has a market cap of $28.69 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be issued a $0.2851 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $3.42 dividend on an annualized basis and a dividend yield of 3.65%.

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.