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

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) was the recipient of unusually large options trading on Thursday. Investors bought 128,783 put options on the company. This represents an increase of 170% compared to the typical volume of 47,714 put options.

iShares 7-10 Year Treasury Bond ETF Stock Performance

iShares 7-10 Year Treasury Bond ETF stock traded down $0.23 during trading hours on Thursday, reaching $89.95. 6,048,581 shares of the company’s stock traded hands, compared to its average volume of 8,538,945. The firm has a market capitalization of $41.50 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26. iShares 7-10 Year Treasury Bond ETF has a fifty-two week low of $89.84 and a fifty-two week high of $98.04. The firm’s 50 day moving average is $92.56 and its 200-day moving average is $93.96.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.332 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Tuesday, September 1st. This is a positive change from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.32.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. grew its holdings in iShares 7-10 Year Treasury Bond ETF by 114.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 595,640 shares of the exchange traded fund’s stock valued at $56,330,000 after purchasing an additional 317,250 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,382,662 shares of the exchange traded fund’s stock valued at $1,454,685,000 after buying an additional 630,060 shares during the period. Core Capital Management & Research inc. bought a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the 2nd quarter valued at $3,177,000. The Manufacturers Life Insurance Company raised its stake in iShares 7-10 Year Treasury Bond ETF by 10.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 298,082 shares of the exchange traded fund’s stock worth $28,190,000 after buying an additional 27,242 shares during the period. Finally, IPG Investment Advisors LLC lifted its holdings in 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 worth $10,279,000 after acquiring an additional 41,266 shares in the last quarter. Institutional investors own 81.48% of the company’s stock.

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.