iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Hits New 12-Month Low – Should You Sell?

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK)’s stock price reached a new 52-week low on Monday . The company traded as low as $19.12 and last traded at $19.1150, with a volume of 254269 shares traded. The stock had previously closed at $19.13.

iShares iBonds Dec 2030 Term Treasury ETF Trading Down 0.1%

The stock’s 50 day simple moving average is $19.39 and its two-hundred day simple moving average is $19.55.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a dividend of $0.0619 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 1st.

Hedge Funds Weigh In On iShares iBonds Dec 2030 Term Treasury ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Heartland Bank & Trust Co bought a new position in iShares iBonds Dec 2030 Term Treasury ETF in the 2nd quarter worth about $4,286,000. Parallel Advisors LLC grew its holdings in shares of iShares iBonds Dec 2030 Term Treasury ETF by 9.4% during the first quarter. Parallel Advisors LLC now owns 181,965 shares of the company’s stock valued at $3,588,000 after buying an additional 15,559 shares during the last quarter. NewEdge Advisors LLC raised its holdings in iShares iBonds Dec 2030 Term Treasury ETF by 6.6% in the 1st quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock worth $9,863,000 after acquiring an additional 30,944 shares during the last quarter. Reliant Wealth Planning lifted its position in iShares iBonds Dec 2030 Term Treasury ETF by 12.8% in the 1st quarter. Reliant Wealth Planning now owns 41,998 shares of the company’s stock valued at $828,000 after acquiring an additional 4,779 shares in the last quarter. Finally, Midwest Professional Planners LTD. boosted its stake in iShares iBonds Dec 2030 Term Treasury ETF by 6.3% during the 1st quarter. Midwest Professional Planners LTD. now owns 10,900 shares of the company’s stock valued at $215,000 after purchasing an additional 642 shares during the last quarter.

iShares iBonds Dec 2030 Term Treasury ETF Company Profile

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.