Meridian Wealth Management LLC Sells 2,285 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Meridian Wealth Management LLC trimmed its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 40,487 shares of the exchange traded fund’s stock after selling 2,285 shares during the quarter. Meridian Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $3,877,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IEF. Richards Merrill & Peterson Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $48,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $52,000. Western Pacific Wealth Management LP bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $54,000. Harbor Capital Advisors Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 141.4% during the second quarter. Harbor Capital Advisors Inc. now owns 700 shares of the exchange traded fund’s stock valued at $67,000 after buying an additional 410 shares during the period. Finally, Pingora Partners LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the first quarter valued at approximately $95,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of IEF stock opened at $96.44 on Friday. The firm has a market capitalization of $40.23 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The stock has a fifty day moving average of $96.85 and a 200 day moving average of $95.52. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.08 and a 52 week high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were given a $0.3038 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 3.8%. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.