PNC Financial Services Group Inc. Has $957.26 Million Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

PNC Financial Services Group Inc. trimmed its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,755,967 shares of the exchange traded fund’s stock after selling 304,516 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for approximately 0.6% of PNC Financial Services Group Inc.’s investment portfolio, making the stock its 24th biggest position. PNC Financial Services Group Inc. owned approximately 2.75% of iShares 7-10 Year Treasury Bond ETF worth $957,256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IEF. Cerity Partners OCIO LLC bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 2nd quarter worth approximately $225,675,000. Ameriprise Financial Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 10.6% in the second quarter. Ameriprise Financial Inc. now owns 11,330,200 shares of the exchange traded fund’s stock valued at $1,060,398,000 after purchasing an additional 1,082,837 shares during the last quarter. Captrust Financial Advisors raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 11.8% in the first quarter. Captrust Financial Advisors now owns 6,292,590 shares of the exchange traded fund’s stock valued at $595,656,000 after purchasing an additional 662,293 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,943,561 shares of the exchange traded fund’s stock worth $1,212,164,000 after buying an additional 610,635 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 17.6% during the 2nd quarter. LPL Financial LLC now owns 3,452,784 shares of the exchange traded fund’s stock worth $323,353,000 after buying an additional 517,532 shares during the period. 81.48% of the stock is owned by institutional investors.

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

iShares 7-10 Year Treasury Bond ETF stock opened at $93.53 on Tuesday. The company’s 50-day moving average price is $96.22 and its two-hundred day moving average price is $95.29. The stock has a market cap of $33.22 billion, a P/E ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.2916 per share. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.50 annualized dividend and a yield of 3.74%. The ex-dividend date was Friday, November 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.