iShares 7-10 Year Treasury Bond ETF $IEF Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,414,922 shares of the exchange traded fund’s stock after selling 187,988 shares during the quarter. PNC Financial Services Group Inc. owned 2.02% of iShares 7-10 Year Treasury Bond ETF worth $811,703,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grey Fox Wealth Advisors LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC raised its holdings in iShares 7-10 Year Treasury Bond ETF by 249.4% in the third quarter. Cornerstone Planning Group LLC now owns 311 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 222 shares in the last quarter. Silicon Valley Capital Partners purchased a new position in iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $37,000. Finally, WFA of San Diego LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $40,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4%

Shares of IEF opened at $97.21 on Friday. The firm has a market capitalization of $47.48 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The firm’s fifty day simple moving average is $96.20 and its 200-day simple moving average is $96.40. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $92.76 and a twelve month high of $97.77.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.312 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, February 2nd.

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.