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

Patton Fund Management Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 509,552 shares of the exchange traded fund’s stock after buying an additional 28,073 shares during the quarter. iShares 7-10 Year Treasury Bond ETF accounts for about 8.3% of Patton Fund Management Inc.’s holdings, making the stock its biggest position. Patton Fund Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $48,632,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arkos Global Advisors boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 4.0% in the third quarter. Arkos Global Advisors now owns 568,678 shares of the exchange traded fund’s stock valued at $54,855,000 after acquiring an additional 21,893 shares during the last quarter. Legacy Wealth Partners LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 159.7% in the 1st quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock worth $2,064,000 after purchasing an additional 13,298 shares during the period. Center For Asset Management LLC bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter valued at $954,000. ABLE Financial Group LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 30.7% during the fourth quarter. ABLE Financial Group LLC now owns 22,362 shares of the exchange traded fund’s stock worth $2,150,000 after buying an additional 5,255 shares during the period. Finally, Acropolis Investment Management LLC raised its stake in iShares 7-10 Year Treasury Bond ETF by 121.3% during the fourth quarter. Acropolis Investment Management LLC now owns 71,174 shares of the exchange traded fund’s stock worth $6,844,000 after buying an additional 39,014 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of iShares 7-10 Year Treasury Bond ETF stock opened at $95.03 on Monday. The business has a 50-day moving average price of $94.46 and a two-hundred day moving average price of $95.54. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.94 and a 1-year high of $98.04. The company has a market cap of $48.47 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.3172 per share. 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.