iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sees Unusually-High Trading Volume – Still a Buy?

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) shares saw unusually-strong trading volume on Tuesday. Approximately 1,884,290 shares were traded during mid-day trading, an increase of 518% from the previous session’s volume of 304,819 shares. The stock last traded at $21.2150 and had previously closed at $21.20.

iShares iBonds Dec 2029 Term Treasury ETF Stock Up 0.1%

The company’s 50 day moving average price is $21.44 and its 200 day moving average price is $21.59.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be paid a $0.0668 dividend. The ex-dividend date is Thursday, October 1st. This is a decrease from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.0695. This represents a $0.80 annualized dividend and a dividend yield of 3.8%.

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

Several large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 59.2% in the first quarter. Janney Montgomery Scott LLC now owns 254,141 shares of the company’s stock valued at $5,551,000 after acquiring an additional 94,538 shares in the last quarter. NewEdge Advisors LLC raised 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 valued at $9,918,000 after purchasing an additional 27,825 shares in the last quarter. Montecito Bank & Trust purchased a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF during the 3rd quarter worth $5,429,000. Heartwood Wealth Advisors LLC acquired a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF during the third quarter worth $39,285,000. Finally, Horizons Wealth Management purchased a new position in iShares iBonds Dec 2029 Term Treasury ETF in the third quarter valued at $2,492,000.

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.