Investors Buy Large Volume of iShares 7-10 Year Treasury Bond ETF Put Options (NASDAQ:IEF)

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) saw some unusual options trading activity on Friday. Stock traders bought 85,568 put options on the company. This represents an increase of 53% compared to the typical volume of 55,788 put options.

iShares 7-10 Year Treasury Bond ETF Trading Up 0.4%

iShares 7-10 Year Treasury Bond ETF stock opened at $89.45 on Friday. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $88.64 and a 1-year high of $98.04. The firm has a market capitalization of $41.65 billion, a PE ratio of -22.00 and a beta of 0.26. The firm’s 50 day simple moving average is $91.69 and its 200 day simple moving average is $93.45.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.3069 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.1%. This is a drop from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3320. The ex-dividend date was Thursday, October 1st.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in iShares 7-10 Year Treasury Bond ETF by 69.8% during the first quarter. Bank of America Corp DE now owns 22,900,079 shares of the exchange traded fund’s stock valued at $2,185,584,000 after purchasing an additional 9,414,689 shares during the last quarter. Envestnet Asset Management Inc. grew its position in iShares 7-10 Year Treasury Bond ETF by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock worth $1,454,685,000 after acquiring an additional 630,060 shares in the last quarter. Blue Trust Inc. increased its stake in iShares 7-10 Year Treasury Bond ETF by 5.8% in the first quarter. Blue Trust Inc. now owns 6,475,952 shares of the exchange traded fund’s stock valued at $618,065,000 after acquiring an additional 354,797 shares during the last quarter. Captrust Financial Advisors raised its position in iShares 7-10 Year Treasury Bond ETF by 13.0% during the fourth quarter. Captrust Financial Advisors now owns 5,781,000 shares of the exchange traded fund’s stock valued at $555,901,000 after purchasing an additional 666,409 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in iShares 7-10 Year Treasury Bond ETF by 4.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,068,013 shares of the exchange traded fund’s stock worth $479,282,000 after purchasing an additional 217,157 shares during the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

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.