iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO) Share Price Cross Above Fifty Day Moving Average – Here’s What Happened

Shares of iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $23.32 and traded as high as $23.42. iShares iBonds Dec 2033 Term Treasury ETF shares last traded at $23.38, with a volume of 453,795 shares changing hands.

iShares iBonds Dec 2033 Term Treasury ETF Stock Performance

The company has a 50 day simple moving average of $23.32 and a 200 day simple moving average of $24.01.

iShares iBonds Dec 2033 Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.0790 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a decrease from iShares iBonds Dec 2033 Term Treasury ETF’s previous monthly dividend of $0.0838. This represents a $0.95 dividend on an annualized basis and a dividend yield of 4.1%.

Institutional Investors Weigh In On iShares iBonds Dec 2033 Term Treasury ETF

An institutional investor recently bought a new stake in iShares iBonds Dec 2033 Term Treasury ETF stock. Confluence Investment Management LLC purchased a new position in shares of iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 705,787 shares of the company’s stock, valued at approximately $16,226,000. Confluence Investment Management LLC owned 3.61% of iShares iBonds Dec 2033 Term Treasury ETF at the end of the most recent reporting period.

About iShares iBonds Dec 2033 Term Treasury ETF

The iShares iBonds Dec 2033 Term Treasury ETF (IBTO) is an exchange-traded fund that is based on the ICE 2033 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2033. The fund will terminate in December 2033. IBTO was launched on Jun 27, 2023 and is managed by BlackRock.