iShares 7-10 Year Treasury Bond ETF $IEF Shares Sold by Summit Asset Management LLC

Summit Asset Management LLC reduced its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 51.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 97,234 shares of the exchange traded fund’s stock after selling 104,983 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for 1.3% of Summit Asset Management LLC’s investment portfolio, making the stock its 20th largest position. Summit Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,350,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $25,000. Balentine LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $29,000. Asset Dedication LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $29,000. Measured Wealth Private Client Group LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 249.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 222 shares during the period. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.1%

Shares of IEF opened at $93.88 on Friday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.94 and a fifty-two week high of $98.04. The firm’s 50 day moving average price is $95.03 and its 200 day moving average price is $96.01. The company has a market cap of $47.89 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were paid a dividend of $0.3125 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, May 1st.

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.