iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Reaches New 12-Month Low – What’s Next?

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) reached a new 52-week low on Monday . The company traded as low as $19.12 and last traded at $19.1150, with a volume of 254269 shares changing hands. The stock had previously closed at $19.13.

iShares iBonds Dec 2030 Term Treasury ETF Stock Performance

The stock’s fifty day moving average price is $19.39 and its two-hundred day moving average price is $19.55.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.0619 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Investors Weigh In On iShares iBonds Dec 2030 Term Treasury ETF

A number of large investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 5,624.5% during the third quarter. NewEdge Advisors LLC now owns 420,862 shares of the company’s stock valued at $8,365,000 after buying an additional 413,510 shares during the period. Heartland Bank & Trust Co bought a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF in the 2nd quarter worth approximately $4,286,000. Ameriprise Financial Inc. lifted its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 105.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 239,816 shares of the company’s stock valued at $4,749,000 after purchasing an additional 123,261 shares during the period. Hughes Financial Services LLC bought a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF during the fourth quarter valued at approximately $2,150,000. Finally, Titleist Asset Management LLC boosted its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 9.5% during the fourth quarter. Titleist Asset Management LLC now owns 1,158,487 shares of the company’s stock valued at $22,990,000 after purchasing an additional 100,157 shares in the last quarter.

iShares iBonds Dec 2030 Term Treasury ETF Company Profile

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.