iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sees Strong Trading Volume Following Dividend Announcement

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) shares saw an uptick in trading volume on Monday following a dividend announcement from the company. 1,715,351 shares were traded during trading, an increase of 321% from the previous session’s volume of 407,889 shares.The stock last traded at $21.8750 and had previously closed at $21.98.

The newly announced dividend which will be paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd will be given a dividend of $0.0705 per share. This is an increase from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.06. The ex-dividend date is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

iShares iBonds Dec 2029 Term Treasury ETF Price Performance

The stock has a 50-day moving average of $21.95 and a 200-day moving average of $21.94.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Treasury ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC bought a new stake in iShares iBonds Dec 2029 Term Treasury ETF during the fourth quarter valued at approximately $48,000. Pinnacle Bancorp Inc. purchased a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF during the 3rd quarter valued at $101,000. Towne Trust Company N.A lifted its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 1,105.1% during the 4th quarter. Towne Trust Company N.A now owns 8,436 shares of the company’s stock worth $185,000 after acquiring an additional 7,736 shares during the last quarter. Opus Capital Group LLC bought a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF during the 3rd quarter worth $274,000. Finally, Crews Bank & Trust grew its position in iShares iBonds Dec 2029 Term Treasury ETF by 12.9% in the third quarter. Crews Bank & Trust now owns 15,990 shares of the company’s stock worth $351,000 after acquiring an additional 1,830 shares in the last quarter.

About iShares iBonds Dec 2029 Term Treasury ETF

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.