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

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $22.04 and last traded at $22.04, with a volume of 7000 shares traded. The stock had previously closed at $22.06.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.1%

The company has a fifty day moving average price of $22.11 and a 200 day moving average price of $22.24.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.0679 dividend. The ex-dividend date of this dividend was 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

Several hedge funds and other institutional investors have recently modified their holdings of IBTI. Parallel Advisors LLC grew its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 2.4% during the first quarter. Parallel Advisors LLC now owns 142,903 shares of the company’s stock worth $3,184,000 after acquiring an additional 3,391 shares during the last quarter. Reliant Wealth Planning increased its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 0.7% in the 1st quarter. Reliant Wealth Planning now owns 92,278 shares of the company’s stock worth $2,056,000 after acquiring an additional 670 shares during the period. FCA Corp TX lifted its position in iShares iBonds Dec 2028 Term Treasury ETF by 2.1% in the 1st quarter. FCA Corp TX now owns 224,296 shares of the company’s stock valued at $4,998,000 after purchasing an additional 4,536 shares during the last quarter. Basepoint Wealth LLC acquired a new position in iShares iBonds Dec 2028 Term Treasury ETF during the 1st quarter valued at about $510,000. Finally, Midwest Professional Planners LTD. boosted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 45.1% during the 1st quarter. Midwest Professional Planners LTD. now owns 118,833 shares of the company’s stock valued at $2,648,000 after purchasing an additional 36,944 shares during the period.

About iShares iBonds Dec 2028 Term Treasury ETF

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.