iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sees Strong Trading Volume – Here’s What Happened

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) saw unusually-high trading volume on Thursday . Approximately 680,710 shares changed hands during trading, an increase of 150% from the previous session’s volume of 272,701 shares.The stock last traded at $21.59 and had previously closed at $21.57.

iShares iBonds Dec 2029 Term Treasury ETF Stock Performance

The stock’s fifty day moving average is $21.65 and its two-hundred day moving average is $21.82.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.0669 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, July 1st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IBTJ. NewEdge Advisors LLC raised its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 713.5% in the third quarter. NewEdge Advisors LLC now owns 386,300 shares of the company’s stock worth $8,481,000 after buying an additional 338,814 shares in the last quarter. United Capital Financial Advisors LLC grew its position in iShares iBonds Dec 2029 Term Treasury ETF by 65.5% during the third quarter. United Capital Financial Advisors LLC now owns 805,137 shares of the company’s stock worth $17,677,000 after buying an additional 318,717 shares in the last quarter. Ameriprise Financial Inc. increased its stake in iShares iBonds Dec 2029 Term Treasury ETF by 188.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 177,997 shares of the company’s stock worth $3,890,000 after acquiring an additional 116,250 shares during the last quarter. Hughes Financial Services LLC bought a new position in iShares iBonds Dec 2029 Term Treasury ETF in the 4th quarter worth about $2,152,000. Finally, Janney Montgomery Scott LLC increased its stake in iShares iBonds Dec 2029 Term Treasury ETF by 59.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 254,141 shares of the company’s stock worth $5,551,000 after acquiring an additional 94,538 shares during the last quarter.

About iShares iBonds Dec 2029 Term Treasury ETF

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.