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

PNC Financial Services Group Inc. lowered its stake in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.7% during the first quarter, HoldingsChannel reports. The firm owned 8,428,734 shares of the exchange traded fund’s stock after selling 58,376 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $804,438,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Stephens Inc. AR lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 0.3% during the fourth quarter. Stephens Inc. AR now owns 41,103 shares of the exchange traded fund’s stock worth $3,952,000 after purchasing an additional 107 shares during the period. Fiduciary Alliance LLC increased its stake in iShares 7-10 Year Treasury Bond ETF by 1.4% in the 4th quarter. Fiduciary Alliance LLC now owns 7,935 shares of the exchange traded fund’s stock valued at $763,000 after buying an additional 110 shares during the period. GC Wealth Management RIA LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 4.3% during the 4th quarter. GC Wealth Management RIA LLC now owns 2,767 shares of the exchange traded fund’s stock worth $266,000 after buying an additional 113 shares during the last quarter. KPP Advisory Services LLC raised its position in iShares 7-10 Year Treasury Bond ETF by 4.5% during the 1st quarter. KPP Advisory Services LLC now owns 3,207 shares of the exchange traded fund’s stock worth $306,000 after buying an additional 138 shares during the last quarter. Finally, Balboa Wealth Partners lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 6.1% in the 1st quarter. Balboa Wealth Partners now owns 2,527 shares of the exchange traded fund’s stock worth $241,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.2%

Shares of NASDAQ:IEF opened at $93.31 on Wednesday. The company has a market cap of $47.25 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. The firm’s 50-day simple moving average is $94.02 and its 200-day simple moving average is $95.25. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $92.94 and a fifty-two week high of $98.04.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.3111 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

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.