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

Scotia Capital Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 32.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,238 shares of the exchange traded fund’s stock after purchasing 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 quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of IEF. Savant Capital LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.2% in the fourth quarter. Savant Capital LLC now owns 4,459 shares of the exchange traded fund’s stock worth $412,000 after purchasing an additional 139 shares during the last quarter. Intergy Private Wealth LLC grew its holdings in iShares 7-10 Year Treasury Bond ETF by 6.2% during the fourth quarter. Intergy Private Wealth LLC now owns 2,504 shares of the exchange traded fund’s stock worth $231,000 after buying an additional 146 shares in the last quarter. Atomi Financial Group Inc. raised its position in iShares 7-10 Year Treasury Bond ETF by 0.3% in the 4th quarter. Atomi Financial Group Inc. now owns 55,128 shares of the exchange traded fund’s stock valued at $5,097,000 after buying an additional 147 shares during the last quarter. Westside Investment Management Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 3.7% during the 3rd quarter. Westside Investment Management Inc. now owns 4,375 shares of the exchange traded fund’s stock worth $429,000 after acquiring an additional 157 shares during the last quarter. Finally, Montag A & Associates Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 113.5% during the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF stock opened at $94.04 on Friday. The firm has a 50-day moving average of $94.39 and a 200-day moving average of $94.18. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18. The company has a market cap 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 company also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.3037 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.64 annualized dividend and a dividend yield of 3.88%.

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.