Summit Financial Consulting LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 295,650 shares of the exchange traded fund’s stock, valued at approximately $26,405,000. iShares 7-10 Year Treasury Bond ETF accounts for 19.4% of Summit Financial Consulting LLC’s holdings, making the stock its biggest holding. Summit Financial Consulting LLC owned 0.06% of iShares 7-10 Year Treasury Bond ETF as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Windsor Advisory Group LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter worth about $27,000. Strive Financial Group LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 483.0% during the second quarter. Strive Financial Group LLC now owns 309 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 256 shares during the period. Compass Financial Management LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $29,000. Navigoe LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the first quarter worth about $33,000. Finally, Cape Investment Advisory Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 81.48% of the company’s stock.
iShares 7-10 Year Treasury Bond ETF Price Performance
NASDAQ:IEF opened at $90.35 on Friday. The business’s 50-day simple moving average is $91.35 and its 200-day simple moving average is $93.26. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $88.64 and a fifty-two week high of $98.04. The stock has a market capitalization of $41.71 billion, a PE ratio of -22.00 and a beta of 0.26.
iShares 7-10 Year Treasury Bond ETF Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.3069 per share. This represents a $3.68 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320.
iShares 7-10 Year Treasury Bond ETF Profile
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.
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