Summit Asset Management LLC Has $17.70 Million Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Summit Asset Management LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 10.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 accounts for 3.3% of Summit Asset Management LLC’s portfolio, making the stock its 11th largest position. Summit Asset Management LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $17,700,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital Investment Counsel Inc bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $25,000. Innealta Capital LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth approximately $34,000. Van ECK Associates Corp acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth $35,000. Finally, Riggs Asset Managment Co. Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at $36,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NASDAQ:IEF opened at $93.29 on Thursday. The stock has a market capitalization of $33.14 billion, a PE 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. The firm has a fifty day moving average price of $96.42 and a 200 day moving average price of $95.24.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.2916 dividend. The ex-dividend date was Friday, November 1st. This represents a $3.50 dividend on an annualized basis 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.

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.