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)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $22.04 and last traded at $22.05, with a volume of 250273 shares trading hands. The stock had previously closed at $22.07.

iShares iBonds Dec 2028 Term Treasury ETF Stock Down 0.1%

The firm has a fifty day moving average of $22.12 and a two-hundred day moving average of $22.25.

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 was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.7%.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Several institutional investors have recently bought and sold shares of the business. Ascentis Independent Advisors bought a new position in iShares iBonds Dec 2028 Term Treasury ETF in the first quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter valued at $48,000. Blue Square Asset Management LLC purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter valued at $250,000. Towne Trust Company N.A increased its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 101.8% in the 4th quarter. Towne Trust Company N.A now owns 11,300 shares of the company’s stock valued at $253,000 after acquiring an additional 5,700 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter worth $269,000.

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.