iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Sees Strong Trading Volume

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) shares saw unusually-high trading volume on Monday . Approximately 8,936,395 shares were traded during mid-day trading, an increase of 13% from the previous session’s volume of 7,925,563 shares.The stock last traded at $92.69 and had previously closed at $93.65.

iShares 7-10 Year Treasury Bond ETF Stock Down 1.0 %

The company has a market capitalization of $28.40 billion, a price-to-earnings ratio of -21.67 and a beta of 0.05. The company has a 50-day moving average price of $93.04 and a 200-day moving average price of $94.07.

iShares 7-10 Year Treasury Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were given a dividend of $0.2764 per share. This represents a $3.32 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Monday, June 3rd.

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

Institutional investors have recently added to or reduced their stakes in the company. HTLF Bank lifted its stake in iShares 7-10 Year Treasury Bond ETF by 3.9% during the first quarter. HTLF Bank now owns 3,102 shares of the exchange traded fund’s stock worth $294,000 after purchasing an additional 117 shares during the period. Pasadena Private Wealth LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 5.3% in the first quarter. Pasadena Private Wealth LLC now owns 2,559 shares of the exchange traded fund’s stock valued at $242,000 after acquiring an additional 129 shares during the last quarter. One Degree Advisors Inc raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 0.4% in the first quarter. One Degree Advisors Inc now owns 33,538 shares of the exchange traded fund’s stock valued at $3,175,000 after acquiring an additional 148 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 3.8% in the fourth quarter. HBK Sorce Advisory LLC now owns 4,094 shares of the exchange traded fund’s stock valued at $395,000 after acquiring an additional 150 shares during the last quarter. Finally, Nemes Rush Group LLC raised its stake in shares of iShares 7-10 Year Treasury Bond ETF by 57.4% in the fourth quarter. Nemes Rush Group LLC now owns 425 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 155 shares during the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

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.