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

PNC Financial Services Group Inc. lowered its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 7.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,602,910 shares of the exchange traded fund’s stock after selling 688,371 shares during the period. PNC Financial Services Group Inc. owned approximately 2.31% of iShares 7-10 Year Treasury Bond ETF worth $823,901,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. FDx Advisors Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 4.8% during the 2nd quarter. FDx Advisors Inc. now owns 2,349 shares of the exchange traded fund’s stock worth $225,000 after acquiring an additional 107 shares in the last quarter. SouthState Corp lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.0% during the second quarter. SouthState Corp now owns 3,145 shares of the exchange traded fund’s stock worth $301,000 after purchasing an additional 120 shares during the period. Asset Management Group Inc. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 0.5% in the first quarter. Asset Management Group Inc. now owns 23,851 shares of the exchange traded fund’s stock valued at $2,275,000 after acquiring an additional 123 shares in the last quarter. Joel Adams & Associates Inc. increased its position in iShares 7-10 Year Treasury Bond ETF by 3.1% during the 2nd quarter. Joel Adams & Associates Inc. now owns 4,116 shares of the exchange traded fund’s stock worth $394,000 after purchasing an additional 123 shares during the period. Finally, Global Trust Asset Management LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 10.7% in the second quarter. Global Trust Asset Management LLC now owns 1,296 shares of the exchange traded fund’s stock worth $124,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.3%

IEF stock opened at $96.86 on Wednesday. The firm has a 50 day moving average of $96.83 and a 200-day moving average of $95.50. The company has a market cap of $40.40 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.08 and a 12-month high of $97.77.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were issued a $0.3038 dividend. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

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.