Pinnacle Bancorp Inc. Boosts Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Pinnacle Bancorp Inc. increased its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 41.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,467 shares of the exchange traded fund’s stock after buying an additional 1,014 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Logan Capital Management Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth about $25,000. Hazlett Burt & Watson Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $34,000. Van ECK Associates Corp purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $35,000. Dunhill Financial LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $38,000. Finally, Rakuten Securities Inc. boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 45.1% during the third quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 153 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 Up 1.1 %

NASDAQ:IEF opened at $92.16 on Thursday. The stock has a market capitalization of $31.23 billion, a PE ratio of -21.67 and a beta of 0.05. The stock’s 50-day moving average price is $93.33 and its 200-day moving average price is $95.27. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.3075 per share. This represents a $3.69 annualized dividend and a dividend yield of 4.00%. The ex-dividend date was Wednesday, December 18th. 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.