iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Hits New 52-Week High – Time to Buy?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $22.47 and last traded at $22.47, with a volume of 1260393 shares changing hands. The stock had previously closed at $22.44.

iShares iBonds Dec 2028 Term Treasury ETF Trading Up 0.1%

The business’s fifty day simple moving average is $22.38 and its 200-day simple moving average is $22.28.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.0707 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, October 1st.

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

A number of institutional investors have recently added to or reduced their stakes in IBTI. Horizons Wealth Management grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 47.0% in the second quarter. Horizons Wealth Management now owns 1,549 shares of the company’s stock valued at $35,000 after purchasing an additional 495 shares in the last quarter. Mascoma Wealth Management LLC purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the first quarter valued at $44,000. AllSquare Wealth Management LLC grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 36.3% in the first quarter. AllSquare Wealth Management LLC now owns 3,073 shares of the company’s stock valued at $68,000 after purchasing an additional 818 shares in the last quarter. Bank of Jackson Hole Trust grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 73.2% in the first quarter. Bank of Jackson Hole Trust now owns 3,314 shares of the company’s stock valued at $74,000 after purchasing an additional 1,401 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 166.7% in the third quarter. OLD Point Trust & Financial Services N A now owns 5,600 shares of the company’s stock valued at $125,000 after purchasing an additional 3,500 shares in the last quarter.

iShares iBonds Dec 2028 Term Treasury ETF Company Profile

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.