iShares 7-10 Year Treasury Bond ETF $IEF Position Trimmed by Summa Corp.

Summa Corp. decreased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 6.2% in the 2nd quarter, Holdings Channel reports. The firm owned 6,500 shares of the exchange traded fund’s stock after selling 430 shares during the quarter. Summa Corp.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in IEF. Trivant Custom Portfolio Group LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 72.2% during the first quarter. Trivant Custom Portfolio Group LLC now owns 303 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Wayfinding Financial LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the first quarter valued at $35,000. Morton Brown Family Wealth LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the first quarter valued at $42,000. Beacon Capital Management LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 172.9% during the first quarter. Beacon Capital Management LLC now owns 554 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 351 shares during the last quarter. Finally, Western Pacific Wealth Management LP bought a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter valued at $54,000. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $96.91 on Friday. The firm has a fifty day moving average price of $96.19 and a two-hundred day moving average price of $95.15. The firm has a market cap of $38.52 billion, a price-to-earnings ratio of -22.00 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $97.51.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.2945 per share. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.6%.

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.