iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Hits New 52-Week Low – Time to Sell?

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 $22.22 and last traded at $22.25, with a volume of 98851 shares. The stock had previously closed at $22.26.

iShares iBonds Dec 2032 Term Treasury ETF Stock Down 0.1%

The company’s 50 day moving average price is $22.46 and its 200 day moving average price is $22.71.

iShares iBonds Dec 2032 Term Treasury ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a dividend of $0.0759 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.1%. This is an increase 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

Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in shares of iShares iBonds Dec 2032 Term Treasury ETF by 13.5% during the first quarter. Janney Montgomery Scott LLC now owns 551,409 shares of the company’s stock worth $12,644,000 after buying an additional 65,447 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares iBonds Dec 2032 Term Treasury ETF by 64.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 361,010 shares of the company’s stock worth $8,332,000 after acquiring an additional 141,122 shares in the last quarter. NewEdge Advisors LLC grew its position in iShares iBonds Dec 2032 Term Treasury ETF by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 360,156 shares of the company’s stock worth $8,294,000 after acquiring an additional 17,906 shares during the last quarter. Atlantic Private Wealth LLC grew its position in iShares iBonds Dec 2032 Term Treasury ETF by 25.3% during the 2nd quarter. Atlantic Private Wealth LLC now owns 293,989 shares of the company’s stock worth $6,672,000 after acquiring an additional 59,363 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in iShares iBonds Dec 2032 Term Treasury ETF by 146.6% during the 1st quarter. Parallel Advisors LLC now owns 162,870 shares of the company’s stock worth $3,735,000 after acquiring an additional 96,836 shares during the last quarter.

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.