iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTIGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 916,717 shares were traded during mid-day trading, an increase of 187% from the previous session’s volume of 319,283 shares.The stock last traded at $21.85 and had previously closed at $21.91.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

The business’s fifty day simple moving average is $21.91 and its 200-day simple moving average is $22.13.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a dividend of $0.0752 per share. The ex-dividend date was Monday, February 3rd. This is an increase from iShares iBonds Dec 2028 Term Treasury ETF’s previous dividend of $0.07.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Several institutional investors and hedge funds have recently bought and sold shares of IBTI. OLD Point Trust & Financial Services N A bought a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the fourth quarter valued at approximately $25,000. OLD Second National Bank of Aurora bought a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter worth approximately $40,000. PSI Advisors LLC purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter valued at approximately $42,000. Bank of Jackson Hole Trust bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the fourth quarter valued at approximately $42,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter valued at $47,000.

About iShares iBonds Dec 2028 Term Treasury ETF

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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.

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