iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Sees Strong Trading Volume – Still a Buy?

Shares of iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) saw strong trading volume on Thursday. 297,464 shares were traded during trading, an increase of 103% from the previous session’s volume of 146,744 shares. The stock last traded at $21.8950 and had previously closed at $21.80.

iShares iBonds Dec 2032 Term Treasury ETF Stock Up 0.1%

The stock’s fifty day moving average price is $22.10 and its 200-day moving average price is $22.47.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.07 dividend. This is a negative change from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.0759. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Thursday, October 1st.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Confluence Investment Management LLC bought a new stake in iShares iBonds Dec 2032 Term Treasury ETF in the third quarter valued at approximately $15,281,000. Janney Montgomery Scott LLC increased its stake in iShares iBonds Dec 2032 Term Treasury ETF by 13.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 551,409 shares of the company’s stock worth $12,644,000 after acquiring an additional 65,447 shares during the period. Atlantic Private Wealth LLC raised its stake in iShares iBonds Dec 2032 Term Treasury ETF by 25.3% in the second quarter. Atlantic Private Wealth LLC now owns 293,989 shares of the company’s stock valued at $6,672,000 after purchasing an additional 59,363 shares in the last quarter. Parallel Advisors LLC raised its position in shares of iShares iBonds Dec 2032 Term Treasury ETF by 146.6% in the 1st quarter. Parallel Advisors LLC now owns 162,870 shares of the company’s stock valued at $3,735,000 after buying an additional 96,836 shares in the last quarter. Finally, McIlrath & Eck LLC bought a new stake in iShares iBonds Dec 2032 Term Treasury ETF during the first quarter worth $73,000.

About iShares iBonds Dec 2032 Term Treasury ETF

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.