Scotia Capital Inc. Has $8.62 Million Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Scotia Capital Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 32.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,238 shares of the exchange traded fund’s stock after buying an additional 22,801 shares during the quarter. Scotia Capital Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $8,620,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Logan Capital Management Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $25,000. Montag A & Associates Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 113.5% during the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 160 shares during the period. BankPlus Trust Department bought a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth approximately $31,000. HM Payson & Co. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $40,000. Finally, Nemes Rush Group LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.6 %

NASDAQ:IEF opened at $94.04 on Friday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The company has a fifty day moving average of $94.39 and a 200-day moving average of $94.18. The firm has a market capitalization of $34.74 billion, a P/E ratio of -22.63 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were paid a $0.3037 dividend. This represents a $3.64 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.