PNC Financial Services Group Inc. Has $957.26 Million Stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

PNC Financial Services Group Inc. lowered its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,755,967 shares of the exchange traded fund’s stock after selling 304,516 shares during the period. iShares 7-10 Year Treasury Bond ETF makes up about 0.6% of PNC Financial Services Group Inc.’s portfolio, making the stock its 24th largest holding. PNC Financial Services Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $957,256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IEF. Values First Advisors Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 4.4% in the second quarter. Values First Advisors Inc. now owns 32,278 shares of the exchange traded fund’s stock valued at $3,023,000 after purchasing an additional 1,365 shares in the last quarter. Stanley Laman Group Ltd. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $274,000. Raymond James & Associates lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.6% during the 2nd quarter. Raymond James & Associates now owns 6,346,855 shares of the exchange traded fund’s stock worth $594,383,000 after acquiring an additional 281,554 shares during the period. Ballentine Partners LLC acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $1,016,000. Finally, CWM LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 109.5% in the third quarter. CWM LLC now owns 135,281 shares of the exchange traded fund’s stock valued at $13,274,000 after acquiring an additional 70,696 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 Price Performance

Shares of IEF opened at $93.53 on Tuesday. The firm has a 50 day simple moving average of $96.22 and a two-hundred day simple moving average of $95.29. The company has a market cap of $33.22 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a one year low of $91.02 and a one year high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a dividend of $0.2916 per share. The ex-dividend date was Friday, November 1st. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.74%. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.