Sumitomo Mitsui Financial Group Inc. Acquires 41,362 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Sumitomo Mitsui Financial Group Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 753,550 shares of the exchange traded fund’s stock after purchasing an additional 41,362 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up 0.9% of Sumitomo Mitsui Financial Group Inc.’s investment portfolio, making the stock its 14th biggest holding. Sumitomo Mitsui Financial Group Inc. owned 0.22% of iShares 7-10 Year Treasury Bond ETF worth $69,666,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 333,731.3% in the fourth quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock valued at $1,444,683,000 after purchasing an additional 15,621,963 shares during the period. Raymond James Financial Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $725,489,000. JPMorgan Chase & Co. lifted its position in iShares 7-10 Year Treasury Bond ETF by 37.5% during 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 acquiring an additional 7,579,169 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 18.2% during the fourth quarter. Fisher Asset Management LLC now owns 49,220,000 shares of the exchange traded fund’s stock valued at $4,550,389,000 after acquiring an additional 7,566,487 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 3,365.9% during the fourth quarter. Ausdal Financial Partners Inc. now owns 640,710 shares of the exchange traded fund’s stock valued at $59,234,000 after acquiring an additional 622,224 shares during the period. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $96.56 on Monday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The firm has a market capitalization of $35.79 billion, a PE ratio of -22.63 and a beta of 0.23. The business’s 50-day simple moving average is $94.18 and its 200-day simple moving average is $94.28.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were given a $0.3037 dividend. This represents a $3.64 annualized dividend and a yield of 3.77%. The ex-dividend date was Tuesday, April 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.