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

PNC Financial Services Group Inc. grew its stake in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,487,110 shares of the exchange traded fund’s stock after purchasing an additional 72,188 shares during the period. PNC Financial Services Group Inc. owned approximately 1.74% of iShares 7-10 Year Treasury Bond ETF worth $816,120,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Elevated Capital Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth approximately $25,000. Grey Fox Wealth Advisors LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $27,000. Balentine LLC purchased a new position in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at $29,000. Asset Dedication LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $29,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter worth $29,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $93.11 on Wednesday. The company has a market cap of $47.50 billion, a PE ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $92.94 and a 52-week high of $98.04. The firm’s 50 day moving average price is $95.19 and its 200-day moving average price is $96.07.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

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

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.