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

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) saw unusually-high trading volume on Friday after the company announced a dividend. Approximately 499,724 shares changed hands during trading, an increase of 126% from the previous session’s volume of 220,660 shares.The stock last traded at $21.9350 and had previously closed at $22.00.

The newly announced dividend which will be paid on Wednesday, December 24th. Investors of record on Friday, December 19th will be issued a dividend of $0.0634 per share. The ex-dividend date is Friday, December 19th. This represents a c) annualized dividend and a yield of 3.5%.

iShares iBonds Dec 2029 Term Treasury ETF Price Performance

The business has a 50-day moving average of $21.99 and a 200 day moving average of $21.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 21.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 125,767 shares of the company’s stock worth $2,757,000 after buying an additional 22,443 shares during the last quarter. Montecito Bank & Trust bought a new stake in iShares iBonds Dec 2029 Term Treasury ETF during the third quarter worth $1,175,000. Leavell Investment Management Inc. lifted its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 94.2% during the second quarter. Leavell Investment Management Inc. now owns 35,522 shares of the company’s stock worth $779,000 after acquiring an additional 17,233 shares during the period. Strategic Blueprint LLC boosted its position in iShares iBonds Dec 2029 Term Treasury ETF by 136.8% in the second quarter. Strategic Blueprint LLC now owns 37,654 shares of the company’s stock worth $825,000 after purchasing an additional 21,753 shares during the last quarter. Finally, Heartland Bank & Trust Co grew its stake in iShares iBonds Dec 2029 Term Treasury ETF by 3.1% in the 2nd quarter. Heartland Bank & Trust Co now owns 18,350 shares of the company’s stock valued at $402,000 after purchasing an additional 556 shares during the period.

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.