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

PNC Financial Services Group Inc. decreased its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,637,029 shares of the exchange traded fund’s stock after selling 118,938 shares during the period. iShares 7-10 Year Treasury Bond ETF accounts for 0.6% of PNC Financial Services Group Inc.’s holdings, making the stock its 29th biggest position. PNC Financial Services Group Inc. owned 2.80% of iShares 7-10 Year Treasury Bond ETF worth $890,943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Logan Capital Management Inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $25,000. Montag A & Associates Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF by 113.5% during the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 160 shares during the last quarter. BankPlus Trust Department purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at approximately $31,000. Van ECK Associates Corp purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $35,000. Finally, Dunhill Financial LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.1 %

NASDAQ:IEF opened at $94.39 on Friday. The firm has a 50 day moving average of $93.06 and a 200 day moving average of $94.76. The stock has a market capitalization of $32.52 billion, a price-to-earnings ratio of -22.34 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $91.02 and a 52 week high of $99.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.2754 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.