iShares 7-10 Year Treasury Bond ETF $IEF Shares Purchased by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.2% in the fourth quarter, Holdings Channel reports. The firm owned 832,849 shares of the exchange traded fund’s stock after buying an additional 18,285 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises 1.4% of Sumitomo Mitsui Financial Group Inc.’s investment portfolio, making the stock its 10th largest holding. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $80,087,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IEF. Cadence Wealth Management LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 19.4% during 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 acquiring an additional 23,819 shares during the period. Arkos Global Advisors boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.0% during the 3rd quarter. Arkos Global Advisors now owns 568,678 shares of the exchange traded fund’s stock valued at $54,855,000 after acquiring an additional 21,893 shares during the period. Center For Asset Management LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $954,000. Acropolis Investment Management LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 121.3% during 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 acquiring an additional 39,014 shares during the period. Finally, AAFMAA Wealth Management & Trust LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $18,139,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $94.34 on Friday. The business has a 50-day moving average of $94.67 and a 200 day moving average of $95.75. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.94 and a 12 month high of $98.04. The stock has a market capitalization of $48.12 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.3172 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a 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.