Summit Wealth Partners LLC Trims Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Summit Wealth Partners LLC lessened its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 99,943 shares of the exchange traded fund’s stock after selling 3,536 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises about 1.9% of Summit Wealth Partners LLC’s portfolio, making the stock its 14th biggest position. Summit Wealth Partners LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IEF. Fisher Asset Management LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 104.5% in the 3rd quarter. Fisher Asset Management LLC now owns 41,653,513 shares of the exchange traded fund’s stock worth $4,087,043,000 after buying an additional 21,282,662 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares 7-10 Year Treasury Bond ETF by 37.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock worth $2,724,153,000 after buying an additional 7,579,169 shares during the last quarter. Captrust Financial Advisors lifted its position in iShares 7-10 Year Treasury Bond ETF by 23.2% in the 3rd quarter. Captrust Financial Advisors now owns 8,563,295 shares of the exchange traded fund’s stock worth $840,232,000 after buying an additional 1,612,274 shares during the last quarter. Bank of Montreal Can lifted its position in iShares 7-10 Year Treasury Bond ETF by 233.7% in the 3rd quarter. Bank of Montreal Can now owns 7,700,921 shares of the exchange traded fund’s stock worth $757,694,000 after buying an additional 5,393,398 shares during the last quarter. Finally, Raymond James & Associates lifted its position in iShares 7-10 Year Treasury Bond ETF by 3.8% in the 3rd quarter. Raymond James & Associates now owns 6,587,304 shares of the exchange traded fund’s stock worth $646,346,000 after buying an additional 240,449 shares during 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

NASDAQ:IEF opened at $93.56 on Thursday. The business has a 50 day moving average of $93.02 and a 200 day moving average of $95.11. The company has a market capitalization of $32.16 billion, a price-to-earnings 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.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be given a $0.2964 dividend. The ex-dividend date is Monday, February 3rd. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29.

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.