iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) Sees Large Volume Increase After Dividend Announcement

iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) shares saw an uptick in trading volume on Monday following a dividend announcement from the company. 754,342 shares traded hands during trading, an increase of 113% from the previous session’s volume of 354,417 shares.The stock last traded at $22.20 and had previously closed at $22.27.

The newly announced dividend which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be issued a dividend of $0.0762 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase from iShares iBonds Dec 2027 Term Treasury ETF’s previous dividend of $0.07.

iShares iBonds Dec 2027 Term Treasury ETF Stock Performance

The stock’s 50-day moving average price is $22.21 and its two-hundred day moving average price is $22.35.

Institutional Investors Weigh In On iShares iBonds Dec 2027 Term Treasury ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Eastern Bank purchased a new stake in shares of iShares iBonds Dec 2027 Term Treasury ETF in the third quarter worth $26,000. Pinnacle Bancorp Inc. increased its position in shares of iShares iBonds Dec 2027 Term Treasury ETF by 7.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 19,110 shares of the company’s stock worth $424,000 after purchasing an additional 1,350 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in iShares iBonds Dec 2027 Term Treasury ETF by 1.2% in the third quarter. Janney Montgomery Scott LLC now owns 158,284 shares of the company’s stock valued at $3,583,000 after purchasing an additional 1,858 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in iShares iBonds Dec 2027 Term Treasury ETF in the 4th quarter worth approximately $42,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares iBonds Dec 2027 Term Treasury ETF in the 4th quarter worth $47,000.

About iShares iBonds Dec 2027 Term Treasury ETF

The iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is an exchange-traded fund that is based on the ICE 2027 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2027. The fund will terminate in December 2027. IBTH was launched on Feb 25, 2020 and is managed by BlackRock.