705,787 Shares in iShares iBonds Dec 2033 Term Treasury ETF $IBTO Bought by Confluence Investment Management LLC

Confluence Investment Management LLC acquired a new stake in iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 705,787 shares of the company’s stock, valued at approximately $16,226,000.

Separately, Janney Montgomery Scott LLC acquired a new stake in iShares iBonds Dec 2033 Term Treasury ETF during the 1st quarter worth $1,595,000.

iShares iBonds Dec 2033 Term Treasury ETF Stock Performance

Shares of iShares iBonds Dec 2033 Term Treasury ETF stock traded down $0.01 on Thursday, hitting $22.98. 56,104 shares of the company’s stock traded hands, compared to its average volume of 114,669. The firm’s 50-day moving average price is $23.60 and its two-hundred day moving average price is $23.96. iShares iBonds Dec 2033 Term Treasury ETF has a one year low of $22.83 and a one year high of $25.00.

iShares iBonds Dec 2033 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be issued a $0.0790 dividend. This is a drop from iShares iBonds Dec 2033 Term Treasury ETF’s previous monthly dividend of $0.0838. This represents a $0.95 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, October 1st.

iShares iBonds Dec 2033 Term Treasury ETF Profile

The iShares iBonds Dec 2033 Term Treasury ETF (IBTO) is an exchange-traded fund that is based on the ICE 2033 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2033. The fund will terminate in December 2033. IBTO was launched on Jun 27, 2023 and is managed by BlackRock.