Patton Fund Management Inc. Has $45.27 Million Stock Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Patton Fund Management Inc. boosted its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469,353 shares of the exchange traded fund’s stock after acquiring an additional 25,717 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for 8.1% of Patton Fund Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Patton Fund Management Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $45,274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barings LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 2.2% during the 2nd quarter. Barings LLC now owns 642,944 shares of the exchange traded fund’s stock valued at $61,575,000 after acquiring an additional 13,550 shares during the period. Advyzon Investment Management LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth about $498,000. Ally Invest Advisors Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 1.5% in the 2nd quarter. Ally Invest Advisors Inc. now owns 897,827 shares of the exchange traded fund’s stock valued at $85,985,000 after buying an additional 12,940 shares in the last quarter. WBH Advisory Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 73.9% in the second quarter. WBH Advisory Inc. now owns 18,480 shares of the exchange traded fund’s stock valued at $1,770,000 after acquiring an additional 7,854 shares during the period. Finally, Joel Adams & Associates Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 3.1% during the second quarter. Joel Adams & Associates Inc. now owns 4,116 shares of the exchange traded fund’s stock valued at $394,000 after acquiring an additional 123 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 Trading Down 0.1%

NASDAQ IEF opened at $96.14 on Tuesday. The company has a fifty day simple moving average of $96.88 and a 200 day simple moving average of $96.00. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.08 and a 12-month high of $97.77. The company has a market cap of $40.10 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th will be issued a dividend of $0.3127 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 3.9%. 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. 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.