iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Reaches New 1-Year Low – What’s Next?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTIGet Free Report)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $22.04 and last traded at $22.05, with a volume of 250273 shares changing hands. The stock had previously closed at $22.07.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

The firm has a fifty day moving average of $22.12 and a 200 day moving average of $22.25.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.0679 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. United Capital Financial Advisors LLC lifted its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 63.9% during the 3rd quarter. United Capital Financial Advisors LLC now owns 797,841 shares of the company’s stock valued at $17,860,000 after buying an additional 310,968 shares during the period. Oak Family Advisors LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the first quarter worth $6,107,000. Ameriprise Financial Inc. increased its position in iShares iBonds Dec 2028 Term Treasury ETF by 70.7% during the third quarter. Ameriprise Financial Inc. now owns 371,121 shares of the company’s stock valued at $8,290,000 after acquiring an additional 153,700 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in iShares iBonds Dec 2028 Term Treasury ETF by 34.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 588,449 shares of the company’s stock valued at $13,161,000 after acquiring an additional 150,727 shares during the last quarter. Finally, Collaborative Fund Advisors LLC bought a new position in iShares iBonds Dec 2028 Term Treasury ETF in the first quarter valued at about $3,209,000.

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.

Further Reading

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