iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Hits New 12-Month High – Still a Buy?

Shares of iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) hit a new 52-week high during trading on Friday . The stock traded as high as $22.48 and last traded at $22.4750, with a volume of 33388 shares traded. The stock had previously closed at $22.44.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

The stock’s 50 day simple moving average is $22.37 and its two-hundred day simple moving average is $22.38.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.069 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

A number of institutional investors have recently added to or reduced their stakes in IBTI. Reliant Wealth Planning grew its position in iShares iBonds Dec 2028 Term Treasury ETF by 0.7% during the fourth quarter. Reliant Wealth Planning now owns 91,608 shares of the company’s stock worth $2,049,000 after buying an additional 616 shares in the last quarter. Cary Street Partners Financial LLC boosted its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 3.1% during the 2nd quarter. Cary Street Partners Financial LLC now owns 41,917 shares of the company’s stock valued at $937,000 after acquiring an additional 1,261 shares during the last quarter. High Note Wealth LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 3rd quarter valued at about $29,000. Opus Capital Group LLC grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 9.2% during the fourth quarter. Opus Capital Group LLC now owns 15,830 shares of the company’s stock worth $354,000 after purchasing an additional 1,330 shares in the last quarter. Finally, Heartland Bank & Trust Co increased its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 7.7% in the third quarter. Heartland Bank & Trust Co now owns 19,209 shares of the company’s stock worth $430,000 after purchasing an additional 1,374 shares during the last quarter.

About iShares iBonds Dec 2028 Term Treasury ETF

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.