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 target of unusually large options trading activity on Monday. Traders purchased 26,817 put options on the company. This is an increase of 49% compared to the average daily volume of 17,990 put options.

iShares 7-10 Year Treasury Bond ETF Stock Down 0.7 %

Shares of NASDAQ:IEF traded down $0.72 during trading on Monday, reaching $95.84. 19,078,894 shares of the company traded hands, compared to its average volume of 7,119,573. iShares 7-10 Year Treasury Bond ETF has a 1-year low of $91.02 and a 1-year high of $99.18. The firm has a fifty day simple moving average of $94.18 and a 200 day simple moving average of $94.28. The firm has a market cap of $35.40 billion, a P/E ratio of -22.63 and a beta of 0.05.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.3037 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.80%.

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

Several institutional investors and hedge funds have recently modified their holdings of IEF. Wealthfront Advisers LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 333,731.3% during the 4th quarter. Wealthfront Advisers LLC now owns 15,626,644 shares of the exchange traded fund’s stock worth $1,444,683,000 after acquiring an additional 15,621,963 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of iShares 7-10 Year Treasury Bond ETF in the fourth quarter worth $725,489,000. JPMorgan Chase & Co. boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 37.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,763,482 shares of the exchange traded fund’s stock worth $2,724,153,000 after buying an additional 7,579,169 shares during the period. Fisher Asset Management LLC grew its stake in iShares 7-10 Year Treasury Bond ETF by 18.2% in the 4th quarter. Fisher Asset Management LLC now owns 49,220,000 shares of the exchange traded fund’s stock valued at $4,550,389,000 after buying an additional 7,566,487 shares during the last quarter. Finally, Ausdal Financial Partners Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF by 3,365.9% during the 4th quarter. Ausdal Financial Partners Inc. now owns 640,710 shares of the exchange traded fund’s stock worth $59,234,000 after acquiring an additional 622,224 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

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.