703,031 Shares of iShares iBonds Dec 2032 Term Treasury ETF $IBTM Acquired by Confluence Investment Management LLC

Confluence Investment Management LLC acquired a new stake in shares of iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) in the third quarter, HoldingsChannel reports. The institutional investor acquired 703,031 shares of the company’s stock, valued at approximately $15,281,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBTM. Atlantic Private Wealth LLC lifted its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 25.3% during the second quarter. Atlantic Private Wealth LLC now owns 293,989 shares of the company’s stock valued at $6,672,000 after purchasing an additional 59,363 shares in the last quarter. Parallel Advisors LLC raised its position in shares of 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 valued at $3,735,000 after purchasing an additional 96,836 shares during the period. McIlrath & Eck LLC purchased a new position in shares of iShares iBonds Dec 2032 Term Treasury ETF during the 1st quarter valued at $73,000. Janney Montgomery Scott LLC boosted its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 13.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 551,409 shares of the company’s stock worth $12,644,000 after buying an additional 65,447 shares during the period. Finally, Boston Family Office LLC boosted its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 4.2% in the 4th quarter. Boston Family Office LLC now owns 72,218 shares of the company’s stock worth $1,666,000 after buying an additional 2,893 shares during the period.

iShares iBonds Dec 2032 Term Treasury ETF Price Performance

NASDAQ:IBTM remained flat at $21.74 on Thursday. The company’s stock had a trading volume of 51,348 shares, compared to its average volume of 141,507. The stock’s 50 day moving average is $22.26 and its 200-day moving average is $22.56. iShares iBonds Dec 2032 Term Treasury ETF has a twelve month low of $21.62 and a twelve month high of $23.46.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be paid a dividend of $0.07 per share. This is a drop from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.0759. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.84 annualized dividend and a yield of 3.9%.

iShares iBonds Dec 2032 Term Treasury ETF Profile

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.