Pinnacle Financial Partners Inc Sells 8,282 Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

Pinnacle Financial Partners Inc lowered its position in shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,093 shares of the exchange traded fund’s stock after selling 8,282 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in iShares 7-10 Year Treasury Bond ETF were worth $16,101,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Capital Investment Counsel Inc acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in iShares 7-10 Year Treasury Bond ETF during the second quarter worth about $28,000. Hazlett Burt & Watson Inc. acquired a new stake in iShares 7-10 Year Treasury Bond ETF in the third quarter valued at about $34,000. Van ECK Associates Corp acquired a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter worth $35,000. Finally, Riggs Asset Managment Co. Inc. acquired a new position in iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of NASDAQ IEF opened at $93.35 on Wednesday. The firm’s 50-day simple moving average is $96.51 and its 200 day simple moving average is $95.26. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $90.68 and a fifty-two week high of $99.18. The stock has a market cap of $33.16 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.2916 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.75%. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.29. 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.