Pinnacle Bancorp Inc. Acquires 1,014 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Pinnacle Bancorp Inc. raised its holdings in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 41.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,467 shares of the exchange traded fund’s stock after purchasing an additional 1,014 shares during the period. Pinnacle Bancorp Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $321,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IEF. Logan Capital Management Inc. bought a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $25,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at about $34,000. Van ECK Associates Corp bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $35,000. Dunhill Financial LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter worth approximately $38,000. Finally, Rakuten Securities Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 45.1% during the 3rd quarter. Rakuten Securities Inc. now owns 492 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Up 1.1 %

NASDAQ:IEF opened at $92.16 on Thursday. The stock has a market capitalization of $31.23 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18. The firm has a 50 day moving average of $93.33 and a 200 day moving average of $95.27.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.3075 per share. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.69 annualized dividend and a yield of 4.00%. The ex-dividend date was Wednesday, December 18th.

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.