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

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) saw unusually large options trading on Thursday. Traders acquired 73,332 call options on the stock. This represents an increase of approximately 101% compared to the average daily volume of 36,508 call options.

Institutional Trading of iShares 7-10 Year Treasury Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IEF. Legacy Wealth Partners LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 159.7% during the first quarter. Legacy Wealth Partners LLC now owns 21,624 shares of the exchange traded fund’s stock worth $2,064,000 after acquiring an additional 13,298 shares in the last quarter. Jessup Wealth Management Inc lifted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.9% during the fourth quarter. Jessup Wealth Management Inc now owns 114,509 shares of the exchange traded fund’s stock valued at $11,011,000 after purchasing an additional 5,384 shares during the last quarter. Bayshore Capital Advisors LLC purchased a new stake in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $891,000. Arkos Global Advisors raised its holdings in iShares 7-10 Year Treasury Bond ETF by 5.2% in the 4th quarter. Arkos Global Advisors now owns 598,275 shares of the exchange traded fund’s stock worth $57,530,000 after acquiring an additional 29,597 shares during the last quarter. Finally, Resonant Capital Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the first quarter valued at $1,868,000. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Performance

NASDAQ IEF traded up $0.20 during trading on Thursday, hitting $92.39. 3,599,623 shares of the company’s stock traded hands, compared to its average volume of 8,547,365. The stock has a market capitalization of $46.88 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a 12-month low of $92.04 and a 12-month high of $98.04. The business has a 50 day moving average of $93.38 and a 200-day moving average of $94.58.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.332 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, September 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. 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.