Patten Group Inc. Reduces Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Patten Group Inc. lowered its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 19.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,511 shares of the exchange traded fund’s stock after selling 867 shares during the quarter. Patten Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $325,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Steward Partners Investment Advisory LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 20.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 136,154 shares of the exchange traded fund’s stock valued at $12,587,000 after buying an additional 22,979 shares during the period. Meridian Wealth Management LLC raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.1% during the 4th quarter. Meridian Wealth Management LLC now owns 43,420 shares of the exchange traded fund’s stock valued at $4,014,000 after buying an additional 456 shares in the last quarter. Shared Vision Wealth Group LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter worth about $234,000. Alesco Advisors LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $948,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $743,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.3 %

NASDAQ IEF opened at $95.09 on Wednesday. The company has a 50-day simple moving average of $92.92 and a two-hundred day simple moving average of $94.78. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18. The firm has a market cap of $32.76 billion, a price-to-earnings ratio of -22.34 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.2754 per share. The ex-dividend date is Monday, March 3rd.

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.