Summit Global Investments Acquires 286,405 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Summit Global Investments raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 476.7% in the 1st quarter, HoldingsChannel.com reports. The fund 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 accounts for approximately 2.0% of Summit Global Investments’ investment portfolio, making the stock its 7th largest holding. Summit Global Investments’ holdings in iShares 7-10 Year Treasury Bond ETF were worth $33,069,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 53.8% in the fourth quarter. Fisher Asset Management LLC now owns 134,832,971 shares of the exchange traded fund’s stock valued at $12,965,539,000 after purchasing an additional 47,170,533 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 28.1% during the 4th quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock worth $3,287,698,000 after purchasing an additional 7,506,518 shares in the last quarter. Morgan Stanley raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 19.1% during the 4th quarter. Morgan Stanley now owns 17,039,671 shares of the exchange traded fund’s stock worth $1,638,535,000 after purchasing an additional 2,737,040 shares during the last quarter. Captrust Financial Advisors raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 5.2% during the 2nd quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock worth $956,908,000 after purchasing an additional 495,772 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 0.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,487,110 shares of the exchange traded fund’s stock worth $816,120,000 after purchasing an additional 72,188 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF stock opened at $93.54 on Tuesday. The stock’s 50 day moving average price is $94.04 and its 200 day moving average price is $95.27. The firm has a market cap of $47.37 billion, a P/E ratio of -22.00 and a beta of 0.26. 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 Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.3111 dividend. The ex-dividend date of this dividend 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.