iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sees Strong Trading Volume – Still a Buy?

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) saw an uptick in trading volume on Monday . 565,441 shares traded hands during mid-day trading, an increase of 105% from the previous session’s volume of 275,822 shares.The stock last traded at $21.64 and had previously closed at $21.61.

iShares iBonds Dec 2029 Term Treasury ETF Price Performance

The business has a 50-day simple moving average of $21.71 and a 200-day simple moving average of $21.86.

iShares iBonds Dec 2029 Term Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a $0.0689 dividend. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Institutional Trading of iShares iBonds Dec 2029 Term Treasury ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBTJ. Parallel Advisors LLC increased its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 4.9% during the first quarter. Parallel Advisors LLC now owns 149,253 shares of the company’s stock worth $3,260,000 after acquiring an additional 7,024 shares during the period. NewEdge Advisors LLC increased its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 6.5% during the first quarter. NewEdge Advisors LLC now owns 454,037 shares of the company’s stock worth $9,918,000 after acquiring an additional 27,825 shares during the period. Reliant Wealth Planning increased its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 8.1% during the first quarter. Reliant Wealth Planning now owns 60,419 shares of the company’s stock worth $1,320,000 after acquiring an additional 4,544 shares during the period. Basepoint Wealth LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF during the first quarter worth $44,000. Finally, Koss Olinger Consulting LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF during the first quarter worth $280,000.

iShares iBonds Dec 2029 Term Treasury ETF Company Profile

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.