Sumitomo Mitsui Financial Group Inc. Purchases 41,362 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Sumitomo Mitsui Financial Group Inc. raised its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.8% in the 4th quarter, HoldingsChannel reports. The fund owned 753,550 shares of the exchange traded fund’s stock after purchasing an additional 41,362 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up about 0.9% of Sumitomo Mitsui Financial Group Inc.’s investment portfolio, making the stock its 14th biggest holding. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $69,666,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wealthfront Advisers LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 333,731.3% during the fourth quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock valued at $1,444,683,000 after purchasing an additional 15,621,963 shares during the period. Raymond James Financial Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $725,489,000. JPMorgan Chase & Co. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 37.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock valued at $2,724,153,000 after buying an additional 7,579,169 shares during the period. Fisher Asset Management LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 18.2% in the 4th quarter. Fisher Asset Management LLC now owns 49,220,000 shares of the exchange traded fund’s stock valued at $4,550,389,000 after buying an additional 7,566,487 shares during the period. Finally, Ausdal Financial Partners Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3,365.9% in the 4th quarter. Ausdal Financial Partners Inc. now owns 640,710 shares of the exchange traded fund’s stock valued at $59,234,000 after buying an additional 622,224 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $96.56 on Monday. The firm has a market cap of $35.79 billion, a P/E ratio of -22.63 and a beta of 0.23. The firm’s 50-day simple moving average is $94.18 and its 200-day simple moving average is $94.28. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.3037 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.