iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Sees Large Volume Increase After Dividend Announcement

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) saw an uptick in trading volume on Friday after the company announced a dividend. 3,576,461 shares traded hands during trading, a decline of 56% from the previous session’s volume of 8,090,882 shares.The stock last traded at $94.21 and had previously closed at $94.80.

The newly announced dividend which will be paid on Friday, September 8th. Investors of record on Tuesday, September 5th will be given a $0.2418 dividend. This represents a $2.90 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, September 1st.

iShares 7-10 Year Treasury Bond ETF Stock Performance

The business’s 50-day simple moving average is $95.22 and its 200 day simple moving average is $97.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Innova Wealth Partners grew its position in iShares 7-10 Year Treasury Bond ETF by 217.4% during the first quarter. Innova Wealth Partners now owns 158,199 shares of the exchange traded fund’s stock valued at $15,681,000 after acquiring an additional 108,355 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 21.3% during the first quarter. Avantax Advisory Services Inc. now owns 89,316 shares of the exchange traded fund’s stock valued at $8,853,000 after purchasing an additional 15,655 shares during the period. BerganKDV Wealth Management LLC boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 818.9% during the first quarter. BerganKDV Wealth Management LLC now owns 340 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 303 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 1,105.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 91,606 shares of the exchange traded fund’s stock valued at $8,783,000 after purchasing an additional 84,006 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its stake in shares of iShares 7-10 Year Treasury Bond ETF by 80.8% during the first quarter. J.W. Cole Advisors Inc. now owns 6,674 shares of the exchange traded fund’s stock valued at $662,000 after purchasing an additional 2,983 shares during the period. 86.63% of the stock is currently owned by institutional investors.

iShares 7-10 Year Treasury Bond ETF Company Profile

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.