iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Reaches New 1-Year Low – Should You Sell?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) hit a new 52-week low during trading on Wednesday . The company traded as low as $22.05 and last traded at $22.05, with a volume of 39038 shares changing hands. The stock had previously closed at $22.07.

iShares iBonds Dec 2028 Term Treasury ETF Trading Up 0.1%

The firm has a 50-day simple moving average of $22.13 and a two-hundred day simple moving average of $22.26.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.0679 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.7%.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IBTI. Ascentis Independent Advisors bought a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the 1st quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the fourth quarter valued at approximately $48,000. Blue Square Asset Management LLC acquired a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the fourth quarter valued at approximately $250,000. Towne Trust Company N.A boosted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 101.8% in the fourth quarter. Towne Trust Company N.A now owns 11,300 shares of the company’s stock valued at $253,000 after buying an additional 5,700 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the fourth quarter valued at approximately $269,000.

About iShares iBonds Dec 2028 Term Treasury ETF

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.