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 stock price hit a new 52-week low on Wednesday . The company traded as low as $21.27 and last traded at $21.2450, with a volume of 32203 shares trading hands. The stock had previously closed at $21.30.

iShares iBonds Dec 2029 Term Treasury ETF Stock Performance

The firm’s 50 day moving average is $21.50 and its two-hundred day moving average is $21.64.

iShares iBonds Dec 2029 Term Treasury ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.0695 per share. This is a positive change from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Basepoint Wealth LLC acquired a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF during the 1st quarter worth about $44,000. Pinnacle Bancorp Inc. lifted its stake in iShares iBonds Dec 2029 Term Treasury ETF by 14.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 5,277 shares of the company’s stock valued at $115,000 after purchasing an additional 683 shares during the last quarter. Koss Olinger Consulting LLC acquired a new stake in iShares iBonds Dec 2029 Term Treasury ETF in the 1st quarter valued at about $280,000. Midwest Professional Planners LTD. lifted its stake in iShares iBonds Dec 2029 Term Treasury ETF by 87.3% in the 1st quarter. Midwest Professional Planners LTD. now owns 57,797 shares of the company’s stock valued at $1,262,000 after purchasing an additional 26,938 shares during the last quarter. Finally, Reliant Wealth Planning grew its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 8.1% during the first quarter. Reliant Wealth Planning now owns 60,419 shares of the company’s stock worth $1,320,000 after purchasing an additional 4,544 shares during the period.

About iShares iBonds Dec 2029 Term Treasury ETF

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.