iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Reaches New 52-Week Low – Time to Sell?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) reached a new 52-week low on Friday . The stock traded as low as $22.07 and last traded at $22.07, with a volume of 118573 shares. The stock had previously closed at $22.11.

iShares iBonds Dec 2028 Term Treasury ETF Stock Performance

The firm’s fifty day moving average price is $22.20 and its 200 day moving average price is $22.31.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.0703 per share. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 3.8%. This is an increase from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 1st quarter valued at $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter valued at $48,000. Blue Square Asset Management LLC purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter valued at $250,000. Towne Trust Company N.A grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 101.8% during the 4th quarter. Towne Trust Company N.A now owns 11,300 shares of the company’s stock valued at $253,000 after acquiring an additional 5,700 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter valued at $269,000.

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.