Bank of Nova Scotia Sells 32,500 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Bank of Nova Scotia reduced its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 25.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 97,500 shares of the exchange traded fund’s stock after selling 32,500 shares during the quarter. Bank of Nova Scotia’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $9,336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bison Wealth LLC grew its stake in shares of iShares 7-10 Year Treasury Bond ETF by 115.6% during the 4th quarter. Bison Wealth LLC now owns 212,029 shares of the exchange traded fund’s stock valued at $19,602,000 after acquiring an additional 113,663 shares during the period. Benjamin Edwards Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the first quarter valued at approximately $319,000. GKV Capital Management Co. Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the first quarter valued at approximately $10,313,000. NFP Retirement Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter worth approximately $1,045,000. Finally, Financial Network Wealth Advisors LLC increased its stake in shares of iShares 7-10 Year Treasury Bond ETF by 241.8% in the first quarter. Financial Network Wealth Advisors LLC now owns 7,232 shares of the exchange traded fund’s stock worth $690,000 after purchasing an additional 5,116 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

IEF opened at $96.44 on Thursday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $91.08 and a fifty-two week high of $97.77. The firm’s fifty day moving average is $96.90 and its 200 day moving average is $95.86. The stock has a market cap of $40.23 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were given a $0.2884 dividend. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, December 1st.

iShares 7-10 Year Treasury Bond ETF 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.