Summit Financial LLC Sells 8,544 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Summit Financial LLC trimmed its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 9.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,469 shares of the exchange traded fund’s stock after selling 8,544 shares during the quarter. Summit Financial LLC’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $7,994,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Logan Capital Management Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $25,000. Montag A & Associates Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% during the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 160 shares in the last quarter. BankPlus Trust Department bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at about $31,000. Dunhill Financial LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $38,000. Finally, HM Payson & Co. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth approximately $40,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ:IEF opened at $95.09 on Monday. The firm has a market capitalization of $32.76 billion, a price-to-earnings ratio of -22.19 and a beta of 0.05. The business has a 50 day simple moving average of $93.85 and a 200-day simple moving average of $94.39. 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 Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.2754 dividend. The ex-dividend date was Monday, March 3rd.

iShares 7-10 Year Treasury Bond ETF Company 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.