Patton Fund Management Inc. Boosts Stock Position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Patton Fund Management Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 445,062 shares of the exchange traded fund’s stock after purchasing an additional 1,297 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up 8.1% of Patton Fund Management Inc.’s portfolio, making the stock its biggest position. Patton Fund Management Inc. owned approximately 0.13% of iShares 7-10 Year Treasury Bond ETF worth $41,146,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IEF. Logan Capital Management Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter worth $25,000. Hazlett Burt & Watson Inc. bought a new stake 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 iShares 7-10 Year Treasury Bond ETF in the third quarter valued at approximately $35,000. Dunhill Financial LLC acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth approximately $38,000. Finally, Rakuten Securities Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 45.1% during the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 153 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock opened at $93.08 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $91.02 and a 52-week high of $99.18. The stock has a market cap of $31.92 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The firm’s 50-day moving average is $93.14 and its 200-day moving average is $95.19.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.3075 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 annualized dividend and a yield of 3.96%. The ex-dividend date was Wednesday, December 18th.

iShares 7-10 Year Treasury Bond ETF 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.