iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Position Raised by Summit Asset Management LLC

Summit Asset Management LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEFFree Report) by 10.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 180,394 shares of the exchange traded fund’s stock after purchasing an additional 17,173 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises 3.3% of Summit Asset Management LLC’s portfolio, making the stock its 11th largest holding. Summit Asset Management LLC owned about 0.05% of iShares 7-10 Year Treasury Bond ETF worth $17,700,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Values First Advisors Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.4% in the 2nd quarter. Values First Advisors Inc. now owns 32,278 shares of the exchange traded fund’s stock worth $3,023,000 after purchasing an additional 1,365 shares in the last quarter. Stanley Laman Group Ltd. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at $274,000. Raymond James & Associates boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 4.6% during the 2nd quarter. Raymond James & Associates now owns 6,346,855 shares of the exchange traded fund’s stock worth $594,383,000 after acquiring an additional 281,554 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth $1,016,000. Finally, CWM LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 109.5% during the third quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock worth $13,274,000 after purchasing an additional 70,696 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 Stock Down 0.1 %

NASDAQ:IEF opened at $93.29 on Thursday. The stock has a fifty day simple moving average of $96.42 and a 200 day simple moving average of $95.24. The firm has a market capitalization of $33.14 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.2916 dividend. This represents a $3.50 annualized dividend and a dividend yield of 3.75%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, November 1st.

About iShares 7-10 Year Treasury Bond ETF

(Free Report)

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.

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Institutional Ownership by Quarter for iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

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