Paragon Capital Management Inc. Grows Stock Position in iShares 7-10 Year Treasury Bond ETF $IEF

Paragon Capital Management Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 14.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,101 shares of the exchange traded fund’s stock after acquiring an additional 17,189 shares during the quarter. iShares 7-10 Year Treasury Bond ETF makes up 11.3% of Paragon Capital Management Inc.’s holdings, making the stock its biggest 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in IEF. HUB Investment Partners LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 1.1% during the 3rd quarter. HUB Investment Partners LLC now owns 9,448 shares of the exchange traded fund’s stock valued at $911,000 after purchasing an additional 104 shares during the period. Stephens Inc. AR lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 0.3% in the 4th quarter. Stephens Inc. AR now owns 41,103 shares of the exchange traded fund’s stock worth $3,952,000 after purchasing an additional 107 shares during the period. Fiduciary Alliance LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.4% in the 4th quarter. Fiduciary Alliance LLC now owns 7,935 shares of the exchange traded fund’s stock worth $763,000 after purchasing an additional 110 shares during the period. GC Wealth Management RIA LLC lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the 4th quarter. GC Wealth Management RIA LLC now owns 2,767 shares of the exchange traded fund’s stock worth $266,000 after purchasing an additional 113 shares during the period. Finally, M3 Advisory Group LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 2.1% in the 3rd quarter. M3 Advisory Group LLC now owns 6,155 shares of the exchange traded fund’s stock valued at $594,000 after purchasing an additional 125 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ:IEF opened at $94.00 on Tuesday. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $92.94 and a 52 week high of $98.04. The firm’s fifty day moving average is $94.53 and its 200-day moving average is $95.60. The firm has a market cap of $47.95 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.3172 dividend. 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. This represents a c) annualized dividend and a yield of 4.0%.

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.