Summit Global Investments Increases Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Summit Global Investments raised its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,297 shares of the exchange traded fund’s stock after purchasing an additional 542 shares during the quarter. Summit Global Investments’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $952,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. boosted its position in iShares 7-10 Year Treasury Bond ETF by 13.2% during the 4th quarter. Vontobel Holding Ltd. now owns 2,579 shares of the exchange traded fund’s stock valued at $238,000 after buying an additional 301 shares during the period. Greatmark Investment Partners Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 1.9% during the 4th quarter. Greatmark Investment Partners Inc. now owns 34,101 shares of the exchange traded fund’s stock valued at $3,153,000 after buying an additional 625 shares during the period. Beam Wealth Advisors Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 3.7% during the 4th quarter. Beam Wealth Advisors Inc. now owns 36,617 shares of the exchange traded fund’s stock valued at $3,385,000 after buying an additional 1,303 shares during the period. National Bank of Canada FI boosted its position in iShares 7-10 Year Treasury Bond ETF by 458.8% during the 3rd quarter. National Bank of Canada FI now owns 369,823 shares of the exchange traded fund’s stock valued at $36,308,000 after buying an additional 303,636 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in iShares 7-10 Year Treasury Bond ETF by 3,410.5% during the 4th quarter. First Horizon Advisors Inc. now owns 667 shares of the exchange traded fund’s stock valued at $62,000 after buying an additional 648 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

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

Shares of IEF opened at $95.02 on Friday. The firm has a fifty day simple moving average of $93.58 and a two-hundred day simple moving average of $94.55. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The stock has a market capitalization of $33.95 billion, a P/E ratio of -22.19 and a beta of 0.17.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.2754 dividend. The ex-dividend date was Monday, March 3rd.

About iShares 7-10 Year Treasury Bond ETF

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.