iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Large Volume Increase – Time to Buy?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTIGet Free Report) saw strong trading volume on Monday . 1,093,080 shares changed hands during trading, an increase of 184% from the previous session’s volume of 385,175 shares.The stock last traded at $22.09 and had previously closed at $22.09.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

The firm’s fifty day moving average price is $22.14 and its 200-day moving average price is $22.27.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.0679 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.7%.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Hedge funds have recently modified their holdings of the company. Horizons Wealth Management raised its position in iShares iBonds Dec 2028 Term Treasury ETF by 1,421.6% during the 4th quarter. Horizons Wealth Management now owns 50,686 shares of the company’s stock valued at $1,134,000 after purchasing an additional 47,355 shares during the last quarter. Portland Global Advisors LLC purchased a new position in iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter valued at $3,154,000. Janney Montgomery Scott LLC increased its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 19.5% during the first quarter. Janney Montgomery Scott LLC now owns 287,213 shares of the company’s stock valued at $6,400,000 after buying an additional 46,768 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 28.7% during the third quarter. Integrated Wealth Concepts LLC now owns 437,722 shares of the company’s stock valued at $9,798,000 after buying an additional 97,565 shares during the period. Finally, Gould Asset Management LLC CA bought a new position in iShares iBonds Dec 2028 Term Treasury ETF in the fourth quarter worth about $2,102,000.

About iShares iBonds Dec 2028 Term Treasury ETF

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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.

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