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

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) saw unusually-strong trading volume on Monday . Approximately 8,936,395 shares changed hands during 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 Price Performance

The stock has a market capitalization of $28.50 billion, a P/E ratio of -21.67 and a beta of 0.05. The stock has a 50 day moving average price of $93.08 and a 200-day moving average price of $94.02.

iShares 7-10 Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be given a $0.2851 dividend. The ex-dividend date is Monday, July 1st. This represents a $3.42 annualized dividend and a yield of 3.68%.

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

Several institutional investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new position in shares of iShares 7-10 Year Treasury Bond ETF during the third quarter valued at approximately $1,822,000. KPP Advisory Services LLC bought a new position in iShares 7-10 Year Treasury Bond ETF in the third quarter worth about $400,000. Schroder Investment Management Group boosted its position in iShares 7-10 Year Treasury Bond ETF by 0.4% during the 3rd quarter. Schroder Investment Management Group now owns 357,639 shares of the exchange traded fund’s stock valued at $32,756,000 after acquiring an additional 1,304 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 72.1% during the 3rd quarter. Royal Bank of Canada now owns 1,441,505 shares of the exchange traded fund’s stock worth $132,027,000 after acquiring an additional 603,833 shares during the period. Finally, First Citizens Asset Management Inc. raised its position in shares of iShares 7-10 Year Treasury Bond ETF by 12.4% in the 3rd quarter. First Citizens Asset Management Inc. now owns 6,461 shares of the exchange traded fund’s stock worth $592,000 after acquiring an additional 711 shares in the last quarter. Hedge funds and other institutional investors 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.