Summit Asset Management LLC Reduces Position in iShares 7-10 Year Treasury Bond ETF $IEF

Summit Asset Management LLC cut its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 51.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,234 shares of the exchange traded fund’s stock after selling 104,983 shares during the period. 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 holding. Summit Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,350,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cadence Wealth Management LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 19.4% in the 3rd quarter. Cadence Wealth Management LLC now owns 146,531 shares of the exchange traded fund’s stock valued at $14,134,000 after purchasing an additional 23,819 shares during the last quarter. Arkos Global Advisors increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.0% in the 3rd quarter. Arkos Global Advisors now owns 568,678 shares of the exchange traded fund’s stock valued at $54,855,000 after purchasing an additional 21,893 shares during the last quarter. Acropolis Investment Management LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 121.3% in the 4th quarter. Acropolis Investment Management LLC now owns 71,174 shares of the exchange traded fund’s stock valued at $6,844,000 after purchasing an additional 39,014 shares during the last quarter. Center For Asset Management LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $954,000. Finally, AAFMAA Wealth Management & Trust LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at approximately $18,139,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

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

Shares of NASDAQ:IEF opened at $93.88 on Friday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.94 and a 52 week high of $98.04. The company’s 50 day moving average is $95.03 and its two-hundred day moving average is $96.01. The company has a market cap of $47.89 billion, a PE ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a $0.3125 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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. 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.