iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Reaches New 52-Week Low – Should You Sell?

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $19.59 and last traded at $19.5650, with a volume of 7489 shares. The stock had previously closed at $19.64.

iShares iBonds Dec 2031 Term Treasury ETF Stock Down 0.5%

The firm has a fifty day moving average price of $19.92 and a 200 day moving average price of $20.13.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The firm 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 $0.0661 per share. The ex-dividend date was Tuesday, September 1st. This is an increase from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 4.1%.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Treasury ETF

A number of large investors have recently added to or reduced their stakes in IBTL. McIlrath & Eck LLC acquired a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF in the 1st quarter worth about $52,000. Montecito Bank & Trust raised its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 14.0% in the first quarter. Montecito Bank & Trust now owns 29,601 shares of the company’s stock valued at $604,000 after purchasing an additional 3,631 shares during the period. Boston Family Office LLC boosted its stake in iShares iBonds Dec 2031 Term Treasury ETF by 10.8% in the 4th quarter. Boston Family Office LLC now owns 105,256 shares of the company’s stock worth $2,160,000 after purchasing an additional 10,227 shares during the period. Parallel Advisors LLC increased its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 15.7% in the fourth quarter. Parallel Advisors LLC now owns 170,382 shares of the company’s stock worth $3,497,000 after purchasing an additional 23,145 shares during the period. Finally, NewEdge Advisors LLC lifted its position in iShares iBonds Dec 2031 Term Treasury ETF by 5.0% during the first quarter. NewEdge Advisors LLC now owns 638,564 shares of the company’s stock valued at $13,026,000 after purchasing an additional 30,220 shares during the last quarter.

About iShares iBonds Dec 2031 Term Treasury ETF

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.