iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Sees Large Volume Increase – Time to Buy?

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) saw strong trading volume on Thursday. 1,919,854 shares changed hands during trading, an increase of 540% from the previous session’s volume of 299,900 shares. The stock last traded at $19.0640 and had previously closed at $19.01.

iShares iBonds Dec 2030 Term Treasury ETF Stock Performance

The business has a 50 day moving average of $19.20 and a 200-day moving average of $19.42.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.0591 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a decrease from iShares iBonds Dec 2030 Term Treasury ETF’s previous monthly dividend of $0.0619. This represents a $0.71 dividend on an annualized basis and a dividend yield of 3.7%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new position in iShares iBonds Dec 2030 Term Treasury ETF in the 3rd quarter valued at approximately $50,000. Midwest Professional Planners LTD. lifted its holdings in shares of iShares iBonds Dec 2030 Term Treasury ETF by 6.3% in the first quarter. Midwest Professional Planners LTD. now owns 10,900 shares of the company’s stock valued at $215,000 after purchasing an additional 642 shares in the last quarter. Heartland Bank & Trust Co raised its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 27.7% during the 1st quarter. Heartland Bank & Trust Co now owns 22,603 shares of the company’s stock worth $446,000 after purchasing an additional 4,897 shares during the last quarter. Reliant Wealth Planning grew its holdings in iShares iBonds Dec 2030 Term Treasury ETF by 12.8% during the 1st quarter. Reliant Wealth Planning now owns 41,998 shares of the company’s stock valued at $828,000 after buying an additional 4,779 shares during the last quarter. Finally, Montecito Bank & Trust acquired a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF in the third quarter worth $836,000.

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.