iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Reaches New 1-Year Low – Time to Sell?

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK)’s stock price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $18.97 and last traded at $18.9850, with a volume of 7325 shares. The stock had previously closed at $19.02.

iShares iBonds Dec 2030 Term Treasury ETF Trading Down 0.3%

The company has a fifty day moving average price of $19.31 and a 200 day moving average price of $19.49.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a $0.0619 dividend. This represents a $0.74 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a decrease from iShares iBonds Dec 2030 Term Treasury ETF’s previous monthly dividend of $0.0631.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Heartland Bank & Trust Co acquired a new position in iShares iBonds Dec 2030 Term Treasury ETF during the 2nd quarter valued at about $4,286,000. NewEdge Advisors LLC boosted its holdings in shares of iShares iBonds Dec 2030 Term Treasury ETF by 6.6% in the 1st quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock worth $9,863,000 after buying an additional 30,944 shares during the last quarter. Hughes Financial Services LLC bought a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF during the 4th quarter valued at approximately $2,150,000. Janney Montgomery Scott LLC grew its holdings in iShares iBonds Dec 2030 Term Treasury ETF by 62.4% during the first quarter. Janney Montgomery Scott LLC now owns 188,443 shares of the company’s stock valued at $3,716,000 after purchasing an additional 72,374 shares during the period. Finally, Parallel Advisors LLC increased its holdings in iShares iBonds Dec 2030 Term Treasury ETF by 9.4% in the 1st quarter. Parallel Advisors LLC now owns 181,965 shares of the company’s stock worth $3,588,000 after acquiring an additional 15,559 shares during the last quarter.

About iShares iBonds Dec 2030 Term Treasury ETF

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.