iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Hits New 12-Month Low – Here’s Why

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) shares reached a new 52-week low on Monday . The stock traded as low as $18.00 and last traded at $21.79, with a volume of 437 shares changing hands. The stock had previously closed at $21.79.

iShares iBonds Dec 2029 Term Treasury ETF Price Performance

The firm’s 50-day simple moving average is $21.64 and its 200 day simple moving average is $21.53.

iShares iBonds Dec 2029 Term Treasury ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a $0.0719 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.86 annualized dividend and a dividend yield of 3.96%. This is a positive change from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted its stake in iShares iBonds Dec 2029 Term Treasury ETF by 9.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 86,290 shares of the company’s stock worth $1,840,000 after purchasing an additional 7,664 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 1.0% in the 4th quarter. Confluence Investment Management LLC now owns 360,901 shares of the company’s stock valued at $7,697,000 after purchasing an additional 3,744 shares in the last quarter. United Capital Financial Advisors LLC grew its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 136.1% during the fourth quarter. United Capital Financial Advisors LLC now owns 64,060 shares of the company’s stock valued at $1,366,000 after buying an additional 36,928 shares during the last quarter. Boston Family Office LLC boosted its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 12.4% during the fourth quarter. Boston Family Office LLC now owns 79,658 shares of the company’s stock valued at $1,699,000 after purchasing an additional 8,782 shares during the period. Finally, PSI Advisors LLC bought a new stake in iShares iBonds Dec 2029 Term Treasury ETF in the 4th quarter worth $43,000.

About iShares iBonds Dec 2029 Term Treasury ETF

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.