iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Sees Large Volume Increase – Should You Buy?

Shares of iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) saw unusually-high trading volume on Friday . Approximately 23,886,542 shares traded hands during trading, an increase of 219% from the previous session’s volume of 7,499,362 shares.The stock last traded at $93.44 and had previously closed at $94.04.

iShares 7-10 Year Treasury Bond ETF Price Performance

The stock has a market cap of $34.54 billion, a price-to-earnings ratio of -22.63 and a beta of 0.05. The business has a 50-day simple moving average of $94.39 and a two-hundred day simple moving average of $94.18.

iShares 7-10 Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.3037 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.90%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. raised its holdings in iShares 7-10 Year Treasury Bond ETF by 13.2% in the 4th quarter. Vontobel Holding Ltd. now owns 2,579 shares of the exchange traded fund’s stock valued at $238,000 after acquiring an additional 301 shares in the last quarter. Greatmark Investment Partners Inc. raised its stake in iShares 7-10 Year Treasury Bond ETF by 1.9% in the fourth quarter. Greatmark Investment Partners Inc. now owns 34,101 shares of the exchange traded fund’s stock valued at $3,153,000 after purchasing an additional 625 shares in the last quarter. Beam Wealth Advisors Inc. lifted its position in iShares 7-10 Year Treasury Bond ETF by 3.7% during the fourth quarter. Beam Wealth Advisors Inc. now owns 36,617 shares of the exchange traded fund’s stock worth $3,385,000 after purchasing an additional 1,303 shares during the period. Syntax Research Inc. grew its stake in iShares 7-10 Year Treasury Bond ETF by 12.7% during the fourth quarter. Syntax Research Inc. now owns 53,563 shares of the exchange traded fund’s stock worth $4,952,000 after buying an additional 6,019 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in iShares 7-10 Year Treasury Bond ETF by 3,410.5% in the 4th quarter. First Horizon Advisors Inc. now owns 667 shares of the exchange traded fund’s stock valued at $62,000 after buying an additional 648 shares during the period. 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.