iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Reaches New 12-Month Low – Here’s What Happened

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.03 and last traded at $22.03, with a volume of 11257 shares traded. The stock had previously closed at $22.09.

iShares iBonds Dec 2028 Term Treasury ETF Stock Down 0.2%

The business’s fifty day simple moving average is $22.10 and its 200 day simple moving average is $22.23.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.0679 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.7%.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Several institutional investors and hedge funds have recently bought and sold shares of IBTI. Parallel Advisors LLC lifted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 2.4% in the first quarter. Parallel Advisors LLC now owns 142,903 shares of the company’s stock worth $3,184,000 after acquiring an additional 3,391 shares during the last quarter. Reliant Wealth Planning grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 0.7% during the first quarter. Reliant Wealth Planning now owns 92,278 shares of the company’s stock valued at $2,056,000 after purchasing an additional 670 shares during the last quarter. FCA Corp TX grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 2.1% during the first quarter. FCA Corp TX now owns 224,296 shares of the company’s stock valued at $4,998,000 after purchasing an additional 4,536 shares during the last quarter. Basepoint Wealth LLC acquired a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 1st quarter worth approximately $510,000. Finally, Midwest Professional Planners LTD. raised its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 45.1% during the 1st quarter. Midwest Professional Planners LTD. now owns 118,833 shares of the company’s stock worth $2,648,000 after purchasing an additional 36,944 shares during the period.

About iShares iBonds Dec 2028 Term Treasury ETF

The iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is an exchange-traded fund that is based on the ICE 2028 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2028. The fund will terminate in December 2028. IBTI was launched on Feb 25, 2020 and is managed by BlackRock.