iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) saw an uptick in trading volume on Thursday. Approximately 625,198 shares were traded during mid-day trading, an increase of 157% from the previous session’s volume of 243,596 shares. The stock last traded at $19.6550 and had previously closed at $19.56.

iShares iBonds Dec 2031 Term Treasury ETF Price Performance

The company has a 50 day moving average price of $19.69 and a 200 day moving average price of $19.99.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.0656 dividend. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0661. This represents a $0.79 dividend on an annualized basis and a yield of 4.0%.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. McIlrath & Eck LLC bought a new position in shares of iShares iBonds Dec 2031 Term Treasury ETF in the 1st quarter valued at about $52,000. Montecito Bank & Trust bought a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the third quarter worth approximately $784,000. Janney Montgomery Scott LLC raised its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 67.8% during the first quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock worth $3,058,000 after buying an additional 60,597 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 17.8% during the first quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock worth $4,094,000 after buying an additional 30,319 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in iShares iBonds Dec 2031 Term Treasury ETF in the third quarter valued at approximately $9,666,000.

About iShares iBonds Dec 2031 Term Treasury ETF

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.