iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Hits New 12-Month Low – Should You Sell?

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $21.52 and last traded at $21.53, with a volume of 15894 shares changing hands. The stock had previously closed at $21.55.

iShares iBonds Dec 2029 Term Treasury ETF Stock Performance

The stock’s 50 day moving average price is $21.60 and its two-hundred day moving average price is $21.78.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.0669 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Wednesday, July 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Basepoint Wealth LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF during the first quarter worth about $44,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF during the fourth quarter valued at approximately $48,000. High Note Wealth LLC acquired a new stake in iShares iBonds Dec 2029 Term Treasury ETF during the fourth quarter worth approximately $61,000. Pinnacle Bancorp Inc. boosted its position in iShares iBonds Dec 2029 Term Treasury ETF by 14.9% during the first quarter. Pinnacle Bancorp Inc. now owns 5,277 shares of the company’s stock worth $115,000 after acquiring an additional 683 shares during the last quarter. Finally, Towne Trust Company N.A grew its stake in iShares iBonds Dec 2029 Term Treasury ETF by 1,105.1% in the 4th quarter. Towne Trust Company N.A now owns 8,436 shares of the company’s stock worth $185,000 after acquiring an additional 7,736 shares during the period.

iShares iBonds Dec 2029 Term Treasury ETF Company Profile

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.