iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Reaches New 1-Year Low – Here’s What Happened

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $22.43 and last traded at $22.44, with a volume of 38960 shares. The stock had previously closed at $22.54.

iShares iBonds Dec 2032 Term Treasury ETF Stock Down 0.3%

The company’s fifty day moving average is $22.88 and its 200-day moving average is $23.05.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a $0.0737 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, May 1st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atlantic Private Wealth LLC boosted its stake in iShares iBonds Dec 2032 Term Treasury ETF by 6.2% in the 1st quarter. Atlantic Private Wealth LLC now owns 234,626 shares of the company’s stock worth $5,380,000 after purchasing an additional 13,686 shares during the period. Parallel Advisors LLC boosted its stake in iShares iBonds Dec 2032 Term Treasury ETF by 146.6% in the 1st quarter. Parallel Advisors LLC now owns 162,870 shares of the company’s stock worth $3,735,000 after purchasing an additional 96,836 shares during the period. Janney Montgomery Scott LLC boosted its stake in iShares iBonds Dec 2032 Term Treasury ETF by 13.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 551,409 shares of the company’s stock worth $12,644,000 after purchasing an additional 65,447 shares during the period. NewEdge Advisors LLC boosted its stake in 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 worth $3,973,000 after purchasing an additional 8,191 shares during the period. Finally, Boston Family Office LLC boosted its stake in iShares iBonds Dec 2032 Term Treasury ETF by 4.2% in the 4th quarter. Boston Family Office LLC now owns 72,218 shares of the company’s stock worth $1,666,000 after purchasing an additional 2,893 shares during the period.

About iShares iBonds Dec 2032 Term Treasury ETF

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.