Traders Buy Large Volume of Call Options on iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF)

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) saw some unusual options trading on Monday. Stock traders purchased 79,262 call options on the stock. This is an increase of approximately 79% compared to the typical volume of 44,300 call options.

Institutional Inflows and Outflows

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

iShares 7-10 Year Treasury Bond ETF Stock Performance

Shares of IEF stock traded up $0.27 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. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $90.70 and a twelve month high of $98.04. The firm has a market cap of $46.21 billion, a P/E ratio of -22.00 and a beta of 0.26. The stock’s 50-day moving average is $92.72 and its two-hundred day moving average is $94.08.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.332 dividend. The ex-dividend date was Tuesday, September 1st. 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 yield of 4.4%.

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.