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

PNC Financial Services Group Inc. cut its position in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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. owned approximately 1.65% of iShares 7-10 Year Treasury Bond ETF worth $804,438,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its stake in iShares 7-10 Year Treasury Bond ETF by 53.8% in the fourth quarter. Fisher Asset Management LLC now owns 134,832,971 shares of the exchange traded fund’s stock valued at $12,965,539,000 after buying an additional 47,170,533 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 28.1% during the fourth quarter. JPMorgan Chase & Co. now owns 34,189,868 shares of the exchange traded fund’s stock worth $3,287,698,000 after acquiring an additional 7,506,518 shares during the last quarter. Morgan Stanley grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 19.1% during the fourth quarter. Morgan Stanley now owns 17,039,671 shares of the exchange traded fund’s stock worth $1,638,535,000 after acquiring an additional 2,737,040 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 606.5% in the 4th quarter. Focus Partners Wealth now owns 1,353,687 shares of the exchange traded fund’s stock valued at $130,166,000 after acquiring an additional 1,162,073 shares during the period. Finally, Captrust Financial Advisors increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 13.0% in the 4th quarter. Captrust Financial Advisors now owns 5,781,000 shares of the exchange traded fund’s stock valued at $555,901,000 after acquiring an additional 666,409 shares during the period. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $93.31 on Wednesday. The company has a fifty day moving average price of $94.02 and a 200 day moving average price of $95.25. iShares 7-10 Year Treasury Bond ETF has a 12 month low of $92.94 and a 12 month high of $98.04. The company has a market cap of $47.25 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.3111 dividend. The ex-dividend date 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.