Pinnacle Financial Partners Inc Cuts Holdings in iShares 7-10 Year Treasury Bond ETF $IEF

Pinnacle Financial Partners Inc decreased its holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 20.4% in the third quarter, Holdings Channel reports. The firm owned 59,102 shares of the exchange traded fund’s stock after selling 15,186 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $5,701,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fisher Asset Management LLC increased its holdings in iShares 7-10 Year Treasury Bond ETF by 4.9% in the 2nd quarter. Fisher Asset Management LLC now owns 57,650,891 shares of the exchange traded fund’s stock worth $5,521,226,000 after buying an additional 2,686,141 shares in the last quarter. Peavine Capital LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $160,837,000. The Manufacturers Life Insurance Company boosted its holdings in iShares 7-10 Year Treasury Bond ETF by 5,080.3% in the second quarter. The Manufacturers Life Insurance Company now owns 629,048 shares of the exchange traded fund’s stock worth $60,244,000 after purchasing an additional 616,905 shares during the last quarter. Soros Fund Management LLC bought a new stake in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter worth approximately $47,885,000. Finally, Captrust Financial Advisors raised its stake in iShares 7-10 Year Treasury Bond ETF by 5.2% during the 2nd quarter. Captrust Financial Advisors now owns 9,991,736 shares of the exchange traded fund’s stock valued at $956,908,000 after buying an additional 495,772 shares during the last quarter. 81.48% of the stock is owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

NASDAQ IEF opened at $95.93 on Friday. The stock has a market capitalization of $45.90 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $92.08 and a 1-year high of $97.77. The business’s fifty day moving average price is $96.56 and its 200-day moving average price is $96.20.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a dividend of $0.3127 per share. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.