iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) saw strong trading volume on Wednesday. 1,098,604 shares traded hands during trading, an increase of 106% from the average daily volume of 532,452 shares. The stock last traded at $22.3350 and had previously closed at $22.34.

iShares iBonds Dec 2027 Term Treasury ETF Price Performance

The company has a 50 day moving average of $22.32 and a 200 day moving average of $22.38.

iShares iBonds Dec 2027 Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.0692 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.83 annualized dividend and a yield of 3.7%. This is a decrease from iShares iBonds Dec 2027 Term Treasury ETF’s previous monthly dividend of $0.0695.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBTH. Montecito Bank & Trust acquired a new position in shares of iShares iBonds Dec 2027 Term Treasury ETF during the third quarter worth approximately $2,124,000. Horizons Wealth Management bought a new stake in shares of iShares iBonds Dec 2027 Term Treasury ETF during the third quarter valued at approximately $1,138,000. Midwest Professional Planners LTD. increased its holdings in shares of iShares iBonds Dec 2027 Term Treasury ETF by 29.0% in the first quarter. Midwest Professional Planners LTD. now owns 264,689 shares of the company’s stock valued at $5,937,000 after purchasing an additional 59,478 shares in the last quarter. Nvwm LLC acquired a new stake in shares of iShares iBonds Dec 2027 Term Treasury ETF in the third quarter valued at approximately $1,127,000. Finally, Rebalance LLC increased its holdings in shares of iShares iBonds Dec 2027 Term Treasury ETF by 62.5% in the third quarter. Rebalance LLC now owns 486,882 shares of the company’s stock valued at $10,867,000 after purchasing an additional 187,226 shares in the last quarter.

iShares iBonds Dec 2027 Term Treasury ETF Company Profile

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.