Stock Traders Purchase Large 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 target of some unusual options trading activity on Wednesday. Investors purchased 42,840 call options on the company. This is an increase of 198% compared to the average daily volume of 14,376 call options.

iShares 7-10 Year Treasury Bond ETF Price Performance

Shares of IEF opened at $94.96 on Thursday. iShares 7-10 Year Treasury Bond ETF has a 1 year low of $91.02 and a 1 year high of $99.18. The company has a 50 day simple moving average of $93.44 and a two-hundred day simple moving average of $94.58. The firm has a market cap of $33.93 billion, a P/E ratio of -22.19 and a beta of 0.17.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.2754 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. DSG Capital Advisors LLC purchased a new stake in shares of iShares 7-10 Year Treasury Bond ETF during the 4th quarter worth approximately $11,428,000. CWC Advisors LLC. raised its stake in iShares 7-10 Year Treasury Bond ETF by 15.3% during the fourth quarter. CWC Advisors LLC. now owns 3,604 shares of the exchange traded fund’s stock valued at $333,000 after purchasing an additional 477 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in iShares 7-10 Year Treasury Bond ETF by 9.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,598,953 shares of the exchange traded fund’s stock valued at $147,823,000 after purchasing an additional 136,058 shares during the last quarter. Palogic Value Management L.P. bought a new position in iShares 7-10 Year Treasury Bond ETF during the fourth quarter valued at $3,421,000. Finally, Copia Wealth Management purchased a new position in shares of iShares 7-10 Year Treasury Bond ETF in the 4th quarter worth $208,000. 81.48% of the stock is owned by hedge funds and other institutional investors.

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.