Pinnacle Financial Partners Inc Cuts Stock Holdings in iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Pinnacle Financial Partners Inc reduced its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 5.8% in the 4th quarter, HoldingsChannel reports. The firm owned 154,496 shares of the exchange traded fund’s stock after selling 9,597 shares during the period. Pinnacle Financial Partners Inc’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $14,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in IEF. Logan Capital Management Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at $25,000. Montag A & Associates Inc. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the 4th quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 160 shares during the period. Hazlett Burt & Watson Inc. acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 3rd quarter valued at about $34,000. Van ECK Associates Corp acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $35,000. Finally, Dunhill Financial LLC acquired a new position in iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at about $38,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

iShares 7-10 Year Treasury Bond ETF Price Performance

iShares 7-10 Year Treasury Bond ETF stock opened at $93.71 on Friday. The firm has a 50 day simple moving average of $92.63 and a 200-day simple moving average of $94.91. The stock has a market capitalization of $32.28 billion, a PE ratio of -21.67 and a beta of 0.05. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $91.02 and a 12-month high of $99.18.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.2964 dividend. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, February 3rd.

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.