iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Strong Trading Volume – Should You Buy?

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) saw an uptick in trading volume on Tuesday . Approximately 113,377 shares changed hands during trading, a decline of 38% from the previous session’s volume of 181,711 shares.The stock last traded at $20.03 and had previously closed at $20.00.

iShares iBonds Dec 2031 Term Treasury ETF Price Performance

The business has a fifty day simple moving average of $20.10 and a two-hundred day simple moving average of $20.33.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.0618 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

Hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 5.0% during the 1st quarter. NewEdge Advisors LLC now owns 638,564 shares of the company’s stock valued at $13,026,000 after acquiring an additional 30,220 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 40.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 495,443 shares of the company’s stock valued at $10,174,000 after purchasing an additional 141,988 shares during the period. Headland Capital LLC lifted its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 2.9% during the 4th quarter. Headland Capital LLC now owns 366,476 shares of the company’s stock valued at $7,522,000 after buying an additional 10,405 shares in the last quarter. United Capital Financial Advisors LLC lifted its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 64.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 224,705 shares of the company’s stock valued at $4,622,000 after buying an additional 88,097 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in iShares iBonds Dec 2031 Term Treasury ETF by 17.8% in the 1st quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock worth $4,094,000 after buying an additional 30,319 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.