iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Strong Trading Volume – Should You Buy?

Shares of iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) saw strong trading volume on Tuesday . Approximately 903,711 shares were traded during trading, an increase of 393% from the previous session’s volume of 183,226 shares.The stock last traded at $20.02 and had previously closed at $19.95.

iShares iBonds Dec 2031 Term Treasury ETF Stock Up 0.4%

The company has a 50 day moving average price of $20.09 and a 200-day moving average price of $20.31.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 6th. Investors of record on Monday, August 3rd will be given a dividend of $0.066 per share. The ex-dividend date is Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.0%. This is a boost from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.06.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Treasury ETF

A number of institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 9,036.6% during the 3rd quarter. NewEdge Advisors LLC now owns 542,072 shares of the company’s stock valued at $11,150,000 after acquiring an additional 536,139 shares during the period. Ameriprise Financial Inc. grew its holdings in iShares iBonds Dec 2031 Term Treasury ETF by 40.2% in the third quarter. Ameriprise Financial Inc. now owns 495,443 shares of the company’s stock worth $10,174,000 after purchasing an additional 141,988 shares during the period. United Capital Financial Advisors LLC increased its stake in iShares iBonds Dec 2031 Term Treasury ETF by 64.5% in the third quarter. United Capital Financial Advisors LLC now owns 224,705 shares of the company’s stock valued at $4,622,000 after purchasing an additional 88,097 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in iShares iBonds Dec 2031 Term Treasury ETF by 67.8% in the first quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock valued at $3,058,000 after purchasing an additional 60,597 shares in the last quarter. Finally, Thoroughbred Financial Services LLC raised its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 28.3% during the fourth quarter. Thoroughbred Financial Services LLC now owns 187,518 shares of the company’s stock valued at $3,848,000 after purchasing an additional 41,354 shares during the period.

iShares iBonds Dec 2031 Term Treasury ETF Company Profile

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.