iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Hits New 12-Month Low – Time to Sell?

Shares of iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) hit a new 52-week low during trading on Monday . The company traded as low as $19.99 and last traded at $20.00, with a volume of 55240 shares trading hands. The stock had previously closed at $20.06.

iShares iBonds Dec 2031 Term Treasury ETF Stock Up 0.3%

The business’s 50 day simple moving average is $20.13 and its two-hundred day simple moving average is $20.36.

iShares iBonds Dec 2031 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 given a $0.0618 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.7%.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 9,036.6% during the 3rd quarter. NewEdge Advisors LLC now owns 542,072 shares of the company’s stock worth $11,150,000 after buying an additional 536,139 shares in the last quarter. Confluence Investment Management LLC increased its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 58.1% during the 4th quarter. Confluence Investment Management LLC now owns 469,677 shares of the company’s stock valued at $9,640,000 after purchasing an additional 172,520 shares during the last quarter. Ameriprise Financial Inc. grew its position in iShares iBonds Dec 2031 Term Treasury ETF by 40.2% during the third quarter. Ameriprise Financial Inc. now owns 495,443 shares of the company’s stock valued at $10,174,000 after buying an additional 141,988 shares during the period. United Capital Financial Advisors LLC boosted its stake in iShares iBonds Dec 2031 Term Treasury ETF by 64.5% in the third quarter. United Capital Financial Advisors LLC now owns 224,705 shares of the company’s stock valued at $4,622,000 after acquiring an additional 88,097 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 67.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock valued at $3,058,000 after acquiring an additional 60,597 shares during the period.

iShares iBonds Dec 2031 Term Treasury ETF Company Profile

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.