iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Reaches New 1-Year Low – Here’s Why

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $22.43 and last traded at $22.44, with a volume of 38960 shares. The stock had previously closed at $22.54.

iShares iBonds Dec 2032 Term Treasury ETF Stock Performance

The company has a 50-day moving average of $22.85 and a 200-day moving average of $23.04.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a dividend of $0.0737 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, May 1st.

Institutional Trading of iShares iBonds Dec 2032 Term Treasury ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 64.2% in the third quarter. Ameriprise Financial Inc. now owns 361,010 shares of the company’s stock valued at $8,332,000 after buying an additional 141,122 shares during the period. Parallel Advisors LLC grew its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 146.6% during the 1st quarter. Parallel Advisors LLC now owns 162,870 shares of the company’s stock worth $3,735,000 after acquiring an additional 96,836 shares during the period. Janney Montgomery Scott LLC grew its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 13.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 551,409 shares of the company’s stock worth $12,644,000 after acquiring an additional 65,447 shares during the period. Thoroughbred Financial Services LLC raised its position in shares of iShares iBonds Dec 2032 Term Treasury ETF by 58.9% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 98,547 shares of the company’s stock worth $2,279,000 after acquiring an additional 36,512 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of iShares iBonds Dec 2032 Term Treasury ETF in the 2nd quarter worth about $672,000.

About iShares iBonds Dec 2032 Term Treasury ETF

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.