Summit Global Investments Purchases 44,354 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Summit Global Investments boosted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 11.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 430,034 shares of the exchange traded fund’s stock after acquiring an additional 44,354 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up approximately 1.9% of Summit Global Investments’ holdings, making the stock its 9th biggest holding. Summit Global Investments’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $38,406,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IEF. Global View Capital Management LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 171.2% during the third quarter. Global View Capital Management LLC now owns 15,463 shares of the exchange traded fund’s stock valued at $1,381,000 after acquiring an additional 9,761 shares during the last quarter. Glenview Trust Co grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 19.3% in the third quarter. Glenview Trust Co now owns 2,665 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 431 shares during the last quarter. Founders Financial Securities LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 112.1% in the third quarter. Founders Financial Securities LLC now owns 5,189 shares of the exchange traded fund’s stock worth $463,000 after purchasing an additional 2,743 shares during the last quarter. United Asset Strategies Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 8.6% during the 3rd quarter. United Asset Strategies Inc. now owns 19,487 shares of the exchange traded fund’s stock valued at $1,740,000 after purchasing an additional 1,536 shares during the period. Finally, Elwood & Goetz Wealth Advisory Group LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $682,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF opened at $91.76 on Friday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.64 and a fifty-two week high of $98.04. The stock has a 50 day simple moving average of $90.88 and a two-hundred day simple moving average of $93.88. The stock has a market cap of $43.26 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.3069 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. This represents a $3.68 dividend on an annualized basis and a yield of 4.0%.

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.