Paragon Capital Management Inc. Has $13.37 Million Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Paragon Capital Management Inc. raised its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 14.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 140,101 shares of the exchange traded fund’s stock after buying an additional 17,189 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for 11.3% of Paragon Capital Management Inc.’s investment portfolio, making the stock its largest holding. Paragon Capital Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $13,371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Elevated Capital Advisors LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $25,000. IFC & Insurance Marketing Inc. bought a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth $28,000. Asset Dedication LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $29,000. Finally, Capital Investment Counsel Inc bought a new stake in iShares 7-10 Year Treasury Bond ETF in the fourth quarter valued at $31,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Down 0.4%

Shares of NASDAQ IEF opened at $94.00 on Tuesday. The firm has a market capitalization of $47.95 billion, a P/E ratio of -22.00 and a beta of 0.26. The firm’s 50-day moving average price is $94.53 and its 200-day moving average price is $95.60. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.94 and a 1-year high of $98.04.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

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

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. 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.