iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Reaches New 12-Month High – What’s Next?

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $20.02 and last traded at $20.00, with a volume of 111846 shares traded. The stock had previously closed at $19.99.

iShares iBonds Dec 2030 Term Treasury ETF Stock Performance

The firm has a 50-day simple moving average of $19.88 and a 200 day simple moving average of $19.73.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.0618 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 3.7%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Titleist Asset Management LLC grew its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 139.2% in the 2nd quarter. Titleist Asset Management LLC now owns 1,029,829 shares of the company’s stock valued at $20,432,000 after purchasing an additional 599,331 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 12.0% in the 2nd quarter. Parallel Advisors LLC now owns 139,395 shares of the company’s stock valued at $2,766,000 after purchasing an additional 14,960 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 0.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 134,320 shares of the company’s stock valued at $2,665,000 after purchasing an additional 725 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 4.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 116,555 shares of the company’s stock valued at $2,312,000 after purchasing an additional 4,973 shares during the last quarter. Finally, Boston Family Office LLC grew its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 24.5% in the 2nd quarter. Boston Family Office LLC now owns 99,546 shares of the company’s stock valued at $1,975,000 after purchasing an additional 19,563 shares during the last quarter.

About iShares iBonds Dec 2030 Term Treasury ETF

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.