Novem Group Makes New Investment in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Novem Group bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,495 shares of the exchange traded fund’s stock, valued at approximately $416,000.

A number of other hedge funds have also recently made changes to their positions in IEF. Montag A & Associates Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF by 113.5% in the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 160 shares during the last quarter. BankPlus Trust Department purchased a new position in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $31,000. Logan Capital Management Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF by 70.1% in the 4th quarter. Logan Capital Management Inc. now owns 427 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 176 shares in the last quarter. HM Payson & Co. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at $40,000. Finally, Nemes Rush Group LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $42,000. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $93.50 on Friday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.08 and a 1-year high of $99.18. The stock has a market capitalization of $33.85 billion, a P/E ratio of -22.10 and a beta of 0.05. The business has a fifty day moving average price of $94.66 and a 200-day moving average price of $93.87.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were given a $0.3134 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.30. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $3.76 dividend on an annualized basis and a yield of 4.02%.

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.