Summit Asset Management LLC Acquires 10,426 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Summit Asset Management LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.4% during the third quarter, HoldingsChannel reports. The fund owned 202,217 shares of the exchange traded fund’s stock after purchasing an additional 10,426 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises 3.0% of Summit Asset Management LLC’s holdings, making the stock its 10th largest position. Summit Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $19,506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Spirit of America Management Corp NY grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 1.7% in the third quarter. Spirit of America Management Corp NY now owns 6,280 shares of the exchange traded fund’s stock worth $606,000 after purchasing an additional 105 shares during the last quarter. FDx Advisors Inc. lifted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.8% during the 2nd quarter. FDx Advisors Inc. now owns 2,349 shares of the exchange traded fund’s stock worth $225,000 after buying an additional 107 shares during the period. SouthState Corp grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.0% in the 2nd quarter. SouthState Corp now owns 3,145 shares of the exchange traded fund’s stock valued at $301,000 after buying an additional 120 shares during the last quarter. Joel Adams & Associates Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.1% in the second quarter. Joel Adams & Associates Inc. now owns 4,116 shares of the exchange traded fund’s stock valued at $394,000 after buying an additional 123 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 23.4% in the third quarter. Hantz Financial Services Inc. now owns 676 shares of the exchange traded fund’s stock valued at $65,000 after buying an additional 128 shares during the period. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $96.09 on Tuesday. The stock’s 50 day moving average is $96.20 and its 200 day moving average is $96.36. iShares 7-10 Year Treasury Bond ETF has a one year low of $92.08 and a one year high of $97.77. The firm has a market cap of $46.93 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.312 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%.

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.