iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Sees Strong Trading Volume – Should You Buy?

Shares of iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) saw an uptick in trading volume on Wednesday . Approximately 323,503 shares traded hands during mid-day trading, an increase of 151% from the previous session’s volume of 129,132 shares.The stock last traded at $22.23 and had previously closed at $22.25.

iShares iBonds Dec 2032 Term Treasury ETF Stock Performance

The firm’s 50-day simple moving average is $22.49 and its 200-day simple moving average is $22.73.

iShares iBonds Dec 2032 Term Treasury ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st will be issued a $0.0759 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.08.

Institutional Trading of iShares iBonds Dec 2032 Term Treasury ETF

A number of hedge funds have recently made changes to their positions in IBTM. Integrated Wealth Concepts LLC grew its position in iShares iBonds Dec 2032 Term Treasury ETF by 3.6% in the third quarter. Integrated Wealth Concepts LLC now owns 22,407 shares of the company’s stock worth $518,000 after acquiring an additional 780 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares iBonds Dec 2032 Term Treasury ETF by 1.0% during the second quarter. Ameriprise Financial Inc. now owns 219,888 shares of the company’s stock worth $5,064,000 after acquiring an additional 2,262 shares in the last quarter. Boston Family Office LLC raised its stake in shares of iShares iBonds Dec 2032 Term Treasury ETF by 4.2% during the fourth quarter. Boston Family Office LLC now owns 72,218 shares of the company’s stock worth $1,666,000 after acquiring an additional 2,893 shares in the last quarter. McIlrath & Eck LLC bought a new stake in shares of iShares iBonds Dec 2032 Term Treasury ETF in the 1st quarter worth approximately $73,000. Finally, NewEdge Advisors LLC boosted its stake in shares of iShares iBonds Dec 2032 Term Treasury ETF by 5.0% in the 4th quarter. NewEdge Advisors LLC now owns 172,182 shares of the company’s stock valued at $3,973,000 after purchasing an additional 8,191 shares in the last quarter.

iShares iBonds Dec 2032 Term Treasury ETF Company Profile

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.