iShares 7-10 Year Treasury Bond ETF Target of Unusually High Options Trading (NASDAQ:IEF)

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the recipient of unusually large options trading activity on Friday. Traders bought 44,356 call options on the stock. This is an increase of 238% compared to the typical volume of 13,124 call options.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.8 %

Shares of IEF stock traded up $0.79 during trading hours on Friday, hitting $97.08. 7,432,754 shares of the company’s stock traded hands, compared to its average volume of 6,993,806. The stock has a market cap of $35.38 billion, a price-to-earnings ratio of -22.19 and a beta of 0.05. The stock’s fifty day simple moving average is $94.10 and its two-hundred day simple moving average is $94.36. 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 Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st will be paid a $0.3037 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Tuesday, April 1st.

Institutional Investors Weigh In On iShares 7-10 Year Treasury Bond ETF

A number of hedge funds have recently made changes to their positions in IEF. Logan Capital Management Inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter valued at approximately $25,000. Montag A & Associates Inc. raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 113.5% in the fourth quarter. Montag A & Associates Inc. now owns 301 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 160 shares during the period. BankPlus Trust Department bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth about $31,000. Dunhill Financial LLC purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF during the 3rd quarter worth about $38,000. Finally, Park Square Financial Group LLC bought a new position in iShares 7-10 Year Treasury Bond ETF during the 4th quarter valued at about $37,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

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.