iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Reaches New 1-Year Low – Time to Sell?

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $19.93 and last traded at $19.93, with a volume of 1391 shares traded. The stock had previously closed at $20.01.

iShares iBonds Dec 2031 Term Treasury ETF Price Performance

The stock has a 50-day moving average price of $20.05 and a 200-day moving average price of $20.25.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.066 per share. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.06.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

Several hedge funds have recently added to or reduced their stakes in IBTL. Janney Montgomery Scott LLC lifted its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 67.8% during the first quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock worth $3,058,000 after buying an additional 60,597 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 5.0% during the 1st quarter. NewEdge Advisors LLC now owns 638,564 shares of the company’s stock worth $13,026,000 after purchasing an additional 30,220 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 28.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 187,518 shares of the company’s stock worth $3,848,000 after purchasing an additional 41,354 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 17.8% during the first quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock worth $4,094,000 after purchasing an additional 30,319 shares during the period. Finally, McIlrath & Eck LLC bought a new position in iShares iBonds Dec 2031 Term Treasury ETF during the 1st quarter worth $52,000.

About iShares iBonds Dec 2031 Term Treasury ETF

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.