Meridian Wealth Management LLC Acquires 456 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Meridian Wealth Management LLC grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,420 shares of the exchange traded fund’s stock after purchasing an additional 456 shares during the period. Meridian Wealth Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $4,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of IEF. Logan Capital Management Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $25,000. Montag A & Associates Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 160 shares during the last quarter. BankPlus Trust Department acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $31,000. Hazlett Burt & Watson Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $34,000. Finally, Van ECK Associates Corp bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $35,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $95.32 on Monday. The business’s fifty day moving average is $92.80 and its two-hundred day moving average is $94.83. The firm has a market cap of $33.13 billion, a P/E ratio of -22.34 and a beta of 0.17. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.2964 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, February 3rd.

iShares 7-10 Year Treasury Bond ETF 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.