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

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $22.00 and last traded at $22.01, with a volume of 62417 shares changing hands. The stock had previously closed at $22.08.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.4%

The stock has a fifty day moving average of $22.09 and a 200-day moving average of $22.19.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were paid a $0.0694 dividend. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, August 3rd. This is a positive change 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

Several hedge funds have recently made changes to their positions in IBTI. Ascentis Independent Advisors acquired a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the first quarter valued at approximately $33,000. Advisory Services Network LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the fourth quarter worth $269,000. High Note Wealth LLC boosted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 820.0% during the fourth quarter. High Note Wealth LLC now owns 12,061 shares of the company’s stock worth $270,000 after purchasing an additional 10,750 shares during the last quarter. Towne Trust Company N.A boosted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 9.7% during the first quarter. Towne Trust Company N.A now owns 12,400 shares of the company’s stock worth $276,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 4.3% during the first quarter. Pinnacle Bancorp Inc. now owns 16,163 shares of the company’s stock worth $360,000 after purchasing an additional 671 shares during 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.