iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Strong Trading Volume – Here’s Why

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) saw strong trading volume on Tuesday. Approximately 820,792 shares were traded during mid-day trading, an increase of 231% from the average daily volume of 247,692 shares. The stock last traded at $19.6850 and had previously closed at $19.73.

iShares iBonds Dec 2031 Term Treasury ETF Trading Up 0.4%

The business has a fifty day simple moving average of $19.64 and a 200 day simple moving average of $20.11.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be given a $0.0702 dividend. This is an increase from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0656. This represents a $0.84 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, November 2nd.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBTL. Confluence Investment Management LLC acquired a new position in iShares iBonds Dec 2031 Term Treasury ETF in the 3rd quarter valued at about $16,376,000. NewEdge Advisors LLC lifted its holdings in iShares iBonds Dec 2031 Term Treasury ETF by 6.0% in the 2nd quarter. NewEdge Advisors LLC now owns 676,777 shares of the company’s stock valued at $13,664,000 after purchasing an additional 38,213 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 155.6% during the 3rd quarter. Parallel Advisors LLC now owns 549,996 shares of the company’s stock worth $10,708,000 after purchasing an additional 334,843 shares during the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the 3rd quarter worth about $9,666,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 67.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock worth $3,058,000 after purchasing an additional 60,597 shares during the last quarter.

About iShares iBonds Dec 2031 Term Treasury ETF

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.