iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Shares Break Above 50 Day Moving Average – Here’s Why

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK)’s stock price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $19.14 and traded as high as $19.19. iShares iBonds Dec 2030 Term Treasury ETF shares last traded at $19.17, with a volume of 455,031 shares trading hands.

iShares iBonds Dec 2030 Term Treasury ETF Stock Up 0.3%

The stock has a 50 day simple moving average of $19.14 and a 200-day simple moving average of $19.51.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.0591 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares iBonds Dec 2030 Term Treasury ETF’s previous monthly dividend of $0.0619.

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

A number of institutional investors and hedge funds have recently modified their holdings of IBTK. Heartland Bank & Trust Co purchased a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the second quarter valued at $4,286,000. Heartwood Wealth Advisors LLC purchased a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF during the 3rd quarter worth about $9,589,000. NewEdge Advisors LLC boosted its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock worth $9,863,000 after purchasing an additional 30,944 shares during the period. Confluence Investment Management LLC bought a new position in iShares iBonds Dec 2030 Term Treasury ETF during the 3rd quarter valued at about $5,893,000. Finally, Janney Montgomery Scott LLC raised its position in iShares iBonds Dec 2030 Term Treasury ETF by 62.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 188,443 shares of the company’s stock worth $3,716,000 after purchasing an additional 72,374 shares during the period.

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.