Bank of Montreal Can Grows Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Bank of Montreal Can boosted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 233.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,700,921 shares of the exchange traded fund’s stock after purchasing an additional 5,393,398 shares during the period. Bank of Montreal Can’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $757,694,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IEF. Capital Investment Counsel Inc purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at about $25,000. Innealta Capital LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $28,000. Hazlett Burt & Watson Inc. purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $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 approximately $35,000. Finally, Riggs Asset Managment Co. Inc. purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter valued at $36,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.9 %

IEF stock traded up $0.82 during trading on Monday, reaching $94.42. The company’s stock had a trading volume of 890,146 shares, compared to its average volume of 7,756,428. The company’s fifty day moving average is $95.70 and its 200-day moving average is $95.33. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18. The company has a market capitalization of $33.54 billion, a P/E ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.2916 per share. This represents a $3.50 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Friday, November 1st. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.