Patton Fund Management Inc. Acquires 28,073 Shares of iShares 7-10 Year Treasury Bond ETF $IEF

Patton Fund Management Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 509,552 shares of the exchange traded fund’s stock after acquiring an additional 28,073 shares during the period. iShares 7-10 Year Treasury Bond ETF comprises 8.3% of Patton Fund Management Inc.’s holdings, making the stock its biggest holding. Patton Fund Management Inc. owned approximately 0.10% of iShares 7-10 Year Treasury Bond ETF worth $48,632,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Red Door Wealth Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the first quarter worth about $496,000. Avalon Advisory Group grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.2% during the 1st quarter. Avalon Advisory Group now owns 925,015 shares of the exchange traded fund’s stock valued at $88,283,000 after purchasing an additional 36,996 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 1st quarter valued at approximately $236,000. Janney Montgomery Scott LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 15.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,288,790 shares of the exchange traded fund’s stock worth $123,002,000 after purchasing an additional 174,811 shares in the last quarter. Finally, MFA Wealth Services increased its position in iShares 7-10 Year Treasury Bond ETF by 4.2% during the 1st quarter. MFA Wealth Services now owns 35,412 shares of the exchange traded fund’s stock worth $3,380,000 after purchasing an additional 1,436 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $95.03 on Monday. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.94 and a fifty-two week high of $98.04. The firm has a market capitalization of $48.47 billion, a P/E ratio of -22.00 and a beta of 0.26. The company’s 50 day moving average price is $94.46 and its two-hundred day moving average price is $95.54.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.3172 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, June 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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. 7-10 Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of greater than or equal to seven years and less than ten years.