iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sets New 52-Week Low – Here’s Why

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $21.83 and last traded at $21.8350, with a volume of 700 shares traded. The stock had previously closed at $21.91.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.3%

The company has a fifty day simple moving average of $22.03 and a two-hundred day simple moving average of $22.12.

iShares iBonds Dec 2028 Term Treasury ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.0701 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%.

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

Large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC raised its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 19.5% in the first quarter. Janney Montgomery Scott LLC now owns 287,213 shares of the company’s stock valued at $6,400,000 after purchasing an additional 46,768 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 valued at approximately $6,107,000. Boston Family Office LLC grew its position in iShares iBonds Dec 2028 Term Treasury ETF by 17.5% during the fourth quarter. Boston Family Office LLC now owns 251,654 shares of the company’s stock worth $5,628,000 after buying an additional 37,430 shares in the last quarter. FCA Corp TX increased its stake in iShares iBonds Dec 2028 Term Treasury ETF by 2.1% during the first quarter. FCA Corp TX now owns 224,296 shares of the company’s stock valued at $4,998,000 after acquiring an additional 4,536 shares during the period. Finally, Collaborative Fund Advisors LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 1st quarter worth approximately $3,209,000.

iShares iBonds Dec 2028 Term Treasury ETF Company Profile

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.