Bank of Nova Scotia Makes New $12.40 Million Investment in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Bank of Nova Scotia acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 130,000 shares of the exchange traded fund’s stock, valued at approximately $12,399,000.

Several other institutional investors also recently bought and sold shares of the company. Trivant Custom Portfolio Group LLC increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 72.2% in the 1st quarter. Trivant Custom Portfolio Group LLC now owns 303 shares of the exchange traded fund’s stock valued at $29,000 after acquiring an additional 127 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 1st quarter worth $35,000. Park Square Financial Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $37,000. Wood Tarver Financial Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $37,000. Finally, Menard Financial Group LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $38,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF opened at $95.81 on Tuesday. The stock has a 50-day moving average of $94.60 and a two-hundred day moving average of $94.34. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.08 and a one year high of $99.18. The stock has a market cap of $35.65 billion, a P/E ratio of -22.00 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Friday, August 1st will be issued a $0.3088 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.30. The ex-dividend date of this dividend is Friday, August 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.