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

Summit Asset Management LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 202,217 shares of the exchange traded fund’s stock after buying an additional 10,426 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises about 3.0% of Summit Asset Management LLC’s portfolio, making the stock its 10th biggest holding. 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 quarter.

Several other large investors have also bought and sold shares of IEF. Grey Fox Wealth Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at approximately $27,000. Cornerstone Planning Group LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 249.4% in the 3rd quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 222 shares during the last quarter. Silicon Valley Capital Partners acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $37,000. Finally, WFA of San Diego LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth $40,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $96.09 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.08 and a 52 week high of $97.77. The stock has a market capitalization of $46.93 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The stock has a fifty day moving average of $96.20 and a 200-day moving average of $96.36.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

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

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. 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.