Stock Traders Purchase High Volume of Call Options on iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) saw unusually large options trading on Monday. Traders acquired 79,262 call options on the stock. This represents an increase of approximately 79% compared to the average daily volume of 44,300 call options.

Hedge Funds Weigh In On iShares 7-10 Year Treasury Bond ETF

Institutional investors have recently modified their holdings of the company. Core Capital Management & Research inc. purchased a new stake in iShares 7-10 Year Treasury Bond ETF in the second quarter worth approximately $3,177,000. The Manufacturers Life Insurance Company raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 10.1% during the second quarter. The Manufacturers Life Insurance Company now owns 298,082 shares of the exchange traded fund’s stock worth $28,190,000 after acquiring an additional 27,242 shares in the last quarter. IPG Investment Advisors LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 61.2% in the 2nd quarter. IPG Investment Advisors LLC now owns 108,690 shares of the exchange traded fund’s stock worth $10,279,000 after acquiring an additional 41,266 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 6.0% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 83,694 shares of the exchange traded fund’s stock worth $7,915,000 after acquiring an additional 4,761 shares during the last quarter. Finally, NorthRock Partners LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 26.4% in the 2nd quarter. NorthRock Partners LLC now owns 662,231 shares of the exchange traded fund’s stock valued at $62,627,000 after purchasing an additional 138,149 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF traded up $0.27 during trading hours on Monday, hitting $91.06. The company had a trading volume of 3,225,332 shares, compared to its average volume of 8,484,087. The firm has a market capitalization of $46.21 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 52 week low of $90.70 and a 52 week high of $98.04. The firm has a 50 day simple moving average of $92.72 and a 200 day simple moving average of $94.08.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.332 dividend. This is a boost from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 1st.

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.