iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Unusually-High Trading Volume Following Dividend Announcement

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) shares saw unusually-strong trading volume on Monday following a dividend announcement from the company. Approximately 599,822 shares were traded during mid-day trading, an increase of 191% from the previous session’s volume of 205,858 shares.The stock last traded at $22.24 and had previously closed at $22.24.

The newly announced dividend which will be paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st will be paid a $0.0752 dividend. This represents a $0.90 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.1 %

The stock has a 50-day moving average price of $22.05 and a 200 day moving average price of $22.07.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 168.3% in the 4th quarter. Captrust Financial Advisors now owns 51,163 shares of the company’s stock valued at $1,121,000 after purchasing an additional 32,097 shares during the period. Cary Street Partners Financial LLC bought a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter valued at approximately $829,000. Baird Financial Group Inc. boosted its position in iShares iBonds Dec 2028 Term Treasury ETF by 157.2% during the 4th quarter. Baird Financial Group Inc. now owns 62,908 shares of the company’s stock worth $1,378,000 after acquiring an additional 38,448 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 57.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 114,901 shares of the company’s stock worth $2,517,000 after acquiring an additional 41,756 shares in the last quarter. Finally, United Capital Financial Advisors LLC raised its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 91.6% in the fourth quarter. United Capital Financial Advisors LLC now owns 65,373 shares of the company’s stock valued at $1,432,000 after purchasing an additional 31,254 shares during the last quarter.

iShares iBonds Dec 2028 Term Treasury ETF Company Profile

The iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is an exchange-traded fund that is based on the ICE 2028 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2028. The fund will terminate in December 2028. IBTI was launched on Feb 25, 2020 and is managed by BlackRock.