iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Reaches New 52-Week Low – Time to Sell?

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $19.28 and last traded at $19.29, with a volume of 11779 shares traded. The stock had previously closed at $19.37.

iShares iBonds Dec 2030 Term Treasury ETF Stock Down 0.4%

The business has a fifty day simple moving average of $19.43 and a 200-day simple moving average of $19.60.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a $0.0603 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 3.7%.

Hedge Funds Weigh In On iShares iBonds Dec 2030 Term Treasury ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Heartland Bank & Trust Co bought a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF during the second quarter valued at $4,286,000. Hughes Financial Services LLC bought a new stake in iShares iBonds Dec 2030 Term Treasury ETF in the 4th quarter worth about $2,150,000. Janney Montgomery Scott LLC increased its holdings in iShares iBonds Dec 2030 Term Treasury ETF by 62.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 188,443 shares of the company’s stock worth $3,716,000 after buying an additional 72,374 shares in the last quarter. NewEdge Advisors LLC raised its position in iShares iBonds Dec 2030 Term Treasury ETF by 6.6% in the 1st quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock worth $9,863,000 after buying an additional 30,944 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in iShares iBonds Dec 2030 Term Treasury ETF by 20.1% in the 2nd quarter. Captrust Financial Advisors now owns 30,499 shares of the company’s stock worth $605,000 after buying an additional 5,107 shares during the last quarter.

iShares iBonds Dec 2030 Term Treasury ETF Company Profile

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.