Baird Financial Group Inc. Makes New Investment in iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ)

Baird Financial Group Inc. purchased a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 31,123 shares of the company’s stock, valued at approximately $664,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBTJ. NewEdge Advisors LLC lifted its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 218.4% during the fourth quarter. NewEdge Advisors LLC now owns 131,480 shares of the company’s stock valued at $2,804,000 after purchasing an additional 90,187 shares in the last quarter. United Capital Financial Advisors LLC lifted its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 136.1% during the fourth quarter. United Capital Financial Advisors LLC now owns 64,060 shares of the company’s stock valued at $1,366,000 after purchasing an additional 36,928 shares in the last quarter. Crews Bank & Trust bought a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF during the fourth quarter valued at $312,000. Integrated Wealth Concepts LLC lifted its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 43.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 48,000 shares of the company’s stock valued at $1,024,000 after purchasing an additional 14,503 shares in the last quarter. Finally, Montecito Bank & Trust bought a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF during the fourth quarter valued at $222,000.

iShares iBonds Dec 2029 Term Treasury ETF Stock Down 0.2%

Shares of NASDAQ:IBTJ opened at $21.57 on Thursday. iShares iBonds Dec 2029 Term Treasury ETF has a 1 year low of $21.06 and a 1 year high of $22.22. The stock’s fifty day moving average price is $21.73 and its 200-day moving average price is $21.53.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.0711 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, May 1st.

About iShares iBonds Dec 2029 Term Treasury ETF

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.