Summit Asset Management LLC Purchases 133,310 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Summit Asset Management LLC boosted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3,332.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 137,310 shares of the exchange traded fund’s stock after acquiring an additional 133,310 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up approximately 3.2% of Summit Asset Management LLC’s holdings, making the stock its 14th biggest holding. Summit Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $13,235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.5% in the 4th quarter. Fisher Asset Management LLC now owns 9,734,650 shares of the exchange traded fund’s stock worth $938,323,000 after acquiring an additional 504,860 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 11.2% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 7,006 shares of the exchange traded fund’s stock valued at $675,000 after purchasing an additional 707 shares during the last quarter. Howe & Rusling Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $195,000. Andina Capital Management LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $2,604,000. Finally, Victory Capital Management Inc. grew its position in iShares 7-10 Year Treasury Bond ETF by 28.1% during the 4th quarter. Victory Capital Management Inc. now owns 800,913 shares of the exchange traded fund’s stock valued at $77,200,000 after purchasing an additional 175,825 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock traded up $0.32 during trading on Thursday, hitting $91.84. 4,214,814 shares of the stock traded hands, compared to its average volume of 8,798,167. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $88.86 and a 1 year high of $100.80. The firm’s 50 day moving average is $93.35 and its two-hundred day moving average is $93.64. The stock has a market cap of $28.25 billion, a price-to-earnings ratio of -21.49 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 Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.2709 per share. This represents a $3.25 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Wednesday, May 1st.

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.