National Bank of Canada FI Buys 303,636 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

National Bank of Canada FI lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 458.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 369,823 shares of the exchange traded fund’s stock after buying an additional 303,636 shares during the period. National Bank of Canada FI’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $36,308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IEF. Capital Investment Counsel Inc acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth $25,000. Innealta Capital LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $28,000. Hazlett Burt & Watson Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $34,000. Van ECK Associates Corp bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $35,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $95.27 on Monday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18. The stock has a market cap of $33.84 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The company has a 50 day simple moving average of $94.98 and a 200 day simple moving average of $95.46.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, December 2nd were paid a $0.292 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date was Monday, December 2nd.

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.