Innova Wealth Partners Takes $3.33 Million Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Innova Wealth Partners acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,020 shares of the exchange traded fund’s stock, valued at approximately $3,330,000. iShares 7-10 Year Treasury Bond ETF makes up about 2.1% of Innova Wealth Partners’ holdings, making the stock its 14th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI boosted its position in shares of iShares 7-10 Year Treasury Bond ETF by 43.7% in the 2nd quarter. National Bank of Canada FI now owns 66,187 shares of the exchange traded fund’s stock worth $6,172,000 after buying an additional 20,120 shares in the last quarter. Ballentine Partners LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $1,016,000. PFG Investments LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the second quarter. PFG Investments LLC now owns 5,628 shares of the exchange traded fund’s stock valued at $527,000 after purchasing an additional 233 shares in the last quarter. Prudential PLC grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 46.4% in the second quarter. Prudential PLC now owns 75,700 shares of the exchange traded fund’s stock valued at $7,089,000 after purchasing an additional 24,000 shares during the last quarter. Finally, Choreo LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $1,727,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $91.84 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18. The business has a 50 day moving average price of $93.68 and a 200 day moving average price of $95.40. The company has a market capitalization of $31.16 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.3075 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 4.02%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, December 18th.

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.