iShares 7-10 Year Treasury Bond ETF $IEF Stock Holdings Lifted by Summit Global Investments

Summit Global Investments grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 476.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 346,492 shares of the exchange traded fund’s stock after purchasing an additional 286,405 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up approximately 2.0% of Summit Global Investments’ portfolio, making the stock its 7th biggest holding. Summit Global Investments owned about 0.07% of iShares 7-10 Year Treasury Bond ETF worth $33,069,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IEF. Legacy Wealth Partners LLC grew its position in iShares 7-10 Year Treasury Bond ETF by 159.7% during the first quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock worth $2,064,000 after buying an additional 13,298 shares during the period. Center For Asset Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at approximately $954,000. ABLE Financial Group LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 30.7% during the 4th quarter. ABLE Financial Group LLC now owns 22,362 shares of the exchange traded fund’s stock valued at $2,150,000 after acquiring an additional 5,255 shares during the period. Assetmark Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 1.3% during the 4th quarter. Assetmark Inc. now owns 1,007,769 shares of the exchange traded fund’s stock worth $96,907,000 after acquiring an additional 13,133 shares in the last quarter. Finally, Greenleaf Trust boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 250.0% during the 4th quarter. Greenleaf Trust now owns 769,541 shares of the exchange traded fund’s stock worth $73,999,000 after acquiring an additional 549,696 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF opened at $93.54 on Tuesday. The stock has a market cap of $47.37 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock’s 50 day simple moving average is $94.04 and its 200 day simple moving average is $95.27. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.94 and a 1-year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.3111 per share. The ex-dividend date was Wednesday, July 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. 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.