iShares 7-10 Year Treasury Bond ETF $IEF Shares Acquired by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 832,849 shares of the exchange traded fund’s stock after acquiring an additional 18,285 shares during the quarter. iShares 7-10 Year Treasury Bond ETF comprises approximately 1.4% of Sumitomo Mitsui Financial Group Inc.’s investment portfolio, making the stock its 10th biggest position. Sumitomo Mitsui Financial Group Inc. owned about 0.17% of iShares 7-10 Year Treasury Bond ETF worth $80,087,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elevated Capital Advisors LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $25,000. Balentine LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $29,000. Asset Dedication LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth $29,000. Finally, Capital Investment Counsel Inc acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $31,000. 81.48% of the stock is owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.7%

Shares of IEF opened at $94.34 on Friday. The stock has a fifty day simple moving average of $94.67 and a two-hundred day simple moving average of $95.75. The company has a market capitalization of $48.12 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.94 and a 52-week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.3172 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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.