iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Hits New 12-Month Low – What’s Next?

Shares of iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) hit a new 52-week low on Wednesday . The company traded as low as $22.06 and last traded at $22.07, with a volume of 4478 shares trading hands. The stock had previously closed at $22.14.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.4%

The firm has a 50-day moving average of $22.15 and a two-hundred day moving average of $22.27.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

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

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Hedge funds have recently made changes to their positions in the stock. Horizons Wealth Management increased its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 1,421.6% in the fourth quarter. Horizons Wealth Management now owns 50,686 shares of the company’s stock worth $1,134,000 after acquiring an additional 47,355 shares during the last quarter. Portland Global Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the fourth quarter worth $3,154,000. Integrated Wealth Concepts LLC boosted its position in iShares iBonds Dec 2028 Term Treasury ETF by 28.7% during the third quarter. Integrated Wealth Concepts LLC now owns 437,722 shares of the company’s stock valued at $9,798,000 after purchasing an additional 97,565 shares during the last quarter. Gould Asset Management LLC CA acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the fourth quarter valued at $2,102,000. Finally, Rebalance LLC grew its stake in iShares iBonds Dec 2028 Term Treasury ETF by 47.9% in the fourth quarter. Rebalance LLC now owns 264,893 shares of the company’s stock valued at $5,924,000 after purchasing an additional 85,759 shares in 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.