Investors Purchase High Volume of Call 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 activity on Friday. Investors purchased 44,356 call options on the company. This represents an increase of approximately 238% compared to the average volume of 13,124 call options.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Central Pacific Bank Trust Division grew its position in shares of iShares 7-10 Year Treasury Bond ETF by 190.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 62,350 shares of the exchange traded fund’s stock worth $5,946,000 after buying an additional 40,899 shares during the period. First Hawaiian Bank grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 227.1% in the first quarter. First Hawaiian Bank now owns 65,808 shares of the exchange traded fund’s stock valued at $6,276,000 after acquiring an additional 45,687 shares in the last quarter. Insight Wealth Strategies LLC increased its position in shares of iShares 7-10 Year Treasury Bond ETF by 1.5% during the 1st quarter. Insight Wealth Strategies LLC now owns 261,912 shares of the exchange traded fund’s stock valued at $24,979,000 after purchasing an additional 3,915 shares during the last quarter. Marcum Wealth LLC boosted its stake in iShares 7-10 Year Treasury Bond ETF by 4.9% in the first quarter. Marcum Wealth LLC now owns 2,574 shares of the exchange traded fund’s stock valued at $245,000 after acquiring an additional 120 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in iShares 7-10 Year Treasury Bond ETF by 3.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 8,587 shares of the exchange traded fund’s stock worth $819,000 after buying an additional 263 shares during the last quarter. 81.48% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Stock Up 0.3 %

IEF opened at $96.56 on Friday. iShares 7-10 Year Treasury Bond ETF has a twelve month low of $91.02 and a twelve month high of $99.18. The stock has a market capitalization of $35.79 billion, a price-to-earnings ratio of -22.63 and a beta of 0.23. The company has a 50-day simple moving average of $94.18 and a 200 day simple moving average of $94.31.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were given a dividend of $0.3037 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Tuesday, April 1st.

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.