iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Sees Strong Trading Volume – Still a Buy?

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) shares saw an uptick in trading volume on Thursday. 297,464 shares changed hands during mid-day trading, an increase of 103% from the previous session’s volume of 146,744 shares. The stock last traded at $21.8950 and had previously closed at $21.80.

iShares iBonds Dec 2032 Term Treasury ETF Price Performance

The stock’s 50-day moving average price is $22.12 and its 200-day moving average price is $22.48.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.07 dividend. The ex-dividend date was Thursday, October 1st. This is a decrease from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.0759. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%.

Hedge Funds Weigh In On iShares iBonds Dec 2032 Term Treasury ETF

Several institutional investors have recently made changes to their positions in IBTM. Confluence Investment Management LLC acquired a new stake in shares of iShares iBonds Dec 2032 Term Treasury ETF during the 3rd quarter worth approximately $15,281,000. Atlantic Private Wealth LLC lifted its holdings in shares of iShares iBonds Dec 2032 Term Treasury ETF by 25.3% in the 2nd quarter. Atlantic Private Wealth LLC now owns 293,989 shares of the company’s stock worth $6,672,000 after purchasing an additional 59,363 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in iShares iBonds Dec 2032 Term Treasury ETF by 13.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 551,409 shares of the company’s stock valued at $12,644,000 after purchasing an additional 65,447 shares during the period. Parallel Advisors LLC boosted its position in iShares iBonds Dec 2032 Term Treasury ETF by 146.6% during the 1st quarter. Parallel Advisors LLC now owns 162,870 shares of the company’s stock valued at $3,735,000 after purchasing an additional 96,836 shares during the period. Finally, McIlrath & Eck LLC acquired a new position in iShares iBonds Dec 2032 Term Treasury ETF during the 1st quarter valued at approximately $73,000.

iShares iBonds Dec 2032 Term Treasury ETF Company Profile

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.