iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Hits New 52-Week Low – Here’s Why

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $19.26 and last traded at $19.2750, with a volume of 140210 shares. The stock had previously closed at $19.29.

iShares iBonds Dec 2030 Term Treasury ETF Trading Down 0.5%

The firm has a 50-day moving average of $19.40 and a two-hundred day moving average of $19.56.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.0619 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

Institutional Trading of iShares iBonds Dec 2030 Term Treasury ETF

A number of hedge funds have recently added to or reduced their stakes in IBTK. Heartland Bank & Trust Co acquired a new stake in iShares iBonds Dec 2030 Term Treasury ETF during the second quarter valued at $4,286,000. Parallel Advisors LLC raised its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 9.4% in the first quarter. Parallel Advisors LLC now owns 181,965 shares of the company’s stock worth $3,588,000 after acquiring an additional 15,559 shares during the period. NewEdge Advisors LLC boosted its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock worth $9,863,000 after acquiring an additional 30,944 shares in the last quarter. Reliant Wealth Planning boosted its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 12.8% during the 1st quarter. Reliant Wealth Planning now owns 41,998 shares of the company’s stock worth $828,000 after acquiring an additional 4,779 shares in the last quarter. Finally, Midwest Professional Planners LTD. grew its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 6.3% during the 1st quarter. Midwest Professional Planners LTD. now owns 10,900 shares of the company’s stock valued at $215,000 after acquiring an additional 642 shares during the period.

iShares iBonds Dec 2030 Term Treasury ETF Company Profile

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.