iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Strong Trading Volume – Here’s Why

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw unusually-high trading volume on Monday . Approximately 2,367,838 shares traded hands during mid-day trading, an increase of 267% from the previous session’s volume of 645,159 shares.The stock last traded at $22.3550 and had previously closed at $22.36.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

The business has a 50-day moving average of $22.37 and a 200-day moving average of $22.35.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a dividend of $0.0706 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Several institutional investors have recently added to or reduced their stakes in the company. Strategic Blueprint LLC raised its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 90.7% in the third quarter. Strategic Blueprint LLC now owns 236,232 shares of the company’s stock worth $5,288,000 after buying an additional 112,374 shares during the period. Janney Montgomery Scott LLC grew its position in iShares iBonds Dec 2028 Term Treasury ETF by 27.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 187,490 shares of the company’s stock valued at $4,192,000 after acquiring an additional 40,508 shares during the last quarter. Rebalance LLC increased its stake in iShares iBonds Dec 2028 Term Treasury ETF by 18.0% in the third quarter. Rebalance LLC now owns 179,134 shares of the company’s stock worth $4,010,000 after purchasing an additional 27,291 shares during the period. Horizons Wealth Management lifted its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 47.0% during the second quarter. Horizons Wealth Management now owns 1,549 shares of the company’s stock worth $35,000 after purchasing an additional 495 shares during the last quarter. Finally, Montecito Bank & Trust purchased a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the third quarter valued at $1,289,000.

iShares iBonds Dec 2028 Term Treasury ETF Company Profile

The iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is an exchange-traded fund that is based on the ICE 2028 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2028. The fund will terminate in December 2028. IBTI was launched on Feb 25, 2020 and is managed by BlackRock.