iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sees Large Volume Increase After Dividend Announcement

Shares of iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) saw strong trading volume on Friday after the company announced a dividend. 499,724 shares changed hands during mid-day trading, an increase of 126% from the previous session’s volume of 220,660 shares.The stock last traded at $21.9350 and had previously closed at $22.00.

The newly announced dividend which will be paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th will be paid a $0.0634 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 3.5%.

iShares iBonds Dec 2029 Term Treasury ETF Stock Down 0.3%

The company has a 50 day moving average price of $21.99 and a 200-day moving average price of $21.90.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Treasury ETF

A number of hedge funds have recently modified their holdings of IBTJ. Pinnacle Bancorp Inc. acquired a new stake in iShares iBonds Dec 2029 Term Treasury ETF in the third quarter valued at $101,000. Opus Capital Group LLC bought a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF in the 3rd quarter valued at about $274,000. Crews Bank & Trust grew its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 3.4% in the 2nd quarter. Crews Bank & Trust now owns 14,160 shares of the company’s stock valued at $310,000 after buying an additional 460 shares during the last quarter. Heartland Bank & Trust Co increased its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 3.1% in the second quarter. Heartland Bank & Trust Co now owns 18,350 shares of the company’s stock valued at $402,000 after buying an additional 556 shares during the period. Finally, CNB Bank bought a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF during the third quarter worth about $405,000.

iShares iBonds Dec 2029 Term Treasury ETF Company Profile

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.