PNC Financial Services Group Inc. Boosts Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

PNC Financial Services Group Inc. lifted its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,487,110 shares of the exchange traded fund’s stock after buying an additional 72,188 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $816,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Csenge Advisory Group lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 81.7% in the 4th quarter. Csenge Advisory Group now owns 21,110 shares of the exchange traded fund’s stock valued at $2,030,000 after purchasing an additional 9,490 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 12.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 233,506 shares of the exchange traded fund’s stock valued at $22,454,000 after acquiring an additional 25,463 shares in the last quarter. Spectrum Strategic Capital Management LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 31.7% in the 4th quarter. Spectrum Strategic Capital Management LLC now owns 38,129 shares of the exchange traded fund’s stock worth $3,666,000 after buying an additional 9,182 shares during the period. TD Private Client Wealth LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 2.0% in the fourth quarter. TD Private Client Wealth LLC now owns 137,240 shares of the exchange traded fund’s stock worth $13,197,000 after acquiring an additional 2,734 shares during the period. Finally, First Citizens Asset Management Inc. lifted its position in shares of iShares 7-10 Year Treasury Bond ETF by 24.9% in the 4th quarter. First Citizens Asset Management Inc. now owns 7,148 shares of the exchange traded fund’s stock worth $687,000 after purchasing an additional 1,426 shares during the period. Institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of NASDAQ IEF opened at $93.11 on Wednesday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.94 and a 1-year high of $98.04. The business has a fifty day moving average price of $95.19 and a 200 day moving average price of $96.07. The stock has a market capitalization of $47.50 billion, a P/E ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were paid a dividend of $0.3125 per share. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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. 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.