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

by · The Markets Daily

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF – Get Free Report) saw some unusual options trading on Thursday. Investors bought 128,783 put options on the stock. This represents an increase of approximately 170% compared to the typical daily volume of 47,714 put options.

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

A number of institutional investors have recently bought and sold shares of IEF. Envestnet Portfolio Solutions Inc. grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 114.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 595,640 shares of the exchange traded fund’s stock worth $56,330,000 after purchasing an additional 317,250 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 4.3% during 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 buying an additional 630,060 shares in the last quarter. Core Capital Management & Research inc. bought a new position in shares of iShares 7-10 Year Treasury Bond ETF in the second quarter valued at approximately $3,177,000. The Manufacturers Life Insurance Company boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 10.1% in 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 acquiring an additional 27,242 shares in the last quarter. Finally, IPG Investment Advisors LLC boosted its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 61.2% in the 2nd 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 and hedge funds own 81.48% of the company’s stock.

iShares 7-10 Year Treasury Bond ETF Price Performance

IEF stock opened at $89.69 on Friday. The company has a 50-day moving average of $92.48 and a two-hundred day moving average of $93.91. iShares 7-10 Year Treasury Bond ETF has a 52-week low of $89.69 and a 52-week high of $98.04. The stock has a market capitalization of $41.55 billion, a price-to-earnings ratio of -22.00 and a beta of 0.26.

iShares 7-10 Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.3320 per share. This is an increase from iShares 7-10 Year Treasury Bond ETF’s previous monthly dividend of $0.3175. This represents a $3.98 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 1st.

About iShares 7-10 Year Treasury Bond ETF

(Get Free Report)

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.

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