iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Hits New 1-Year Low – Here’s What Happened

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) shares reached a new 52-week low on Tuesday. The company traded as low as $21.19 and last traded at $21.21, with a volume of 256381 shares changing hands. The stock had previously closed at $21.25.

iShares iBonds Dec 2029 Term Treasury ETF Stock Performance

The firm’s fifty day moving average is $21.45 and its two-hundred day moving average is $21.61.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be given a dividend of $0.0668 per share. The ex-dividend date of this dividend is Thursday, October 1st. This is a negative change from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.0695. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.8%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IBTJ. Janney Montgomery Scott LLC raised its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 59.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 254,141 shares of the company’s stock worth $5,551,000 after purchasing an additional 94,538 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 6.5% in the 1st quarter. NewEdge Advisors LLC now owns 454,037 shares of the company’s stock worth $9,918,000 after buying an additional 27,825 shares during the last quarter. Hughes Financial Services LLC bought a new position in iShares iBonds Dec 2029 Term Treasury ETF during the fourth quarter valued at about $2,152,000. Midwest Professional Planners LTD. grew its position in iShares iBonds Dec 2029 Term Treasury ETF by 87.3% during the first quarter. Midwest Professional Planners LTD. now owns 57,797 shares of the company’s stock valued at $1,262,000 after buying an additional 26,938 shares during the period. Finally, Koss Olinger Consulting LLC bought a new position in iShares iBonds Dec 2029 Term Treasury ETF during the first quarter valued at about $280,000.

iShares iBonds Dec 2029 Term Treasury ETF Company Profile

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.