iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Unusually-High Trading Volume – Time to Buy?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw strong trading volume on Monday . Approximately 1,093,080 shares were traded during mid-day trading, an increase of 184% from the previous session’s volume of 385,175 shares.The stock last traded at $22.09 and had previously closed at $22.09.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

The business has a fifty day simple moving average of $22.14 and a 200-day simple moving average of $22.27.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st will be given a $0.0679 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Horizons Wealth Management boosted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 1,421.6% during the fourth quarter. Horizons Wealth Management now owns 50,686 shares of the company’s stock worth $1,134,000 after acquiring an additional 47,355 shares in the last quarter. Portland Global Advisors LLC bought a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the fourth quarter valued at approximately $3,154,000. Integrated Wealth Concepts LLC increased its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 28.7% during the third quarter. Integrated Wealth Concepts LLC now owns 437,722 shares of the company’s stock valued at $9,798,000 after purchasing an additional 97,565 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 19.5% during the first quarter. Janney Montgomery Scott LLC now owns 287,213 shares of the company’s stock valued at $6,400,000 after purchasing an additional 46,768 shares during the last quarter. Finally, Gould Asset Management LLC CA purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the fourth quarter valued at approximately $2,102,000.

iShares iBonds Dec 2028 Term Treasury ETF Company Profile

The iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is an exchange-traded fund that is based on the ICE 2028 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2028. The fund will terminate in December 2028. IBTI was launched on Feb 25, 2020 and is managed by BlackRock.