iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Sees Strong Trading Volume – Still a Buy?

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) shares saw unusually-high trading volume on Friday. 1,588,137 shares were traded during trading, an increase of 499% from the previous session’s volume of 264,944 shares. The stock last traded at $19.0050 and had previously closed at $18.98.

iShares iBonds Dec 2030 Term Treasury ETF Stock Performance

The stock has a 50 day simple moving average of $19.32 and a two-hundred day simple moving average of $19.50.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.0619 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is a negative change from iShares iBonds Dec 2030 Term Treasury ETF’s previous monthly dividend of $0.0631. This represents a $0.74 annualized dividend and a yield of 3.9%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IBTK. NewEdge Advisors LLC lifted its holdings 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 valued at $9,863,000 after purchasing an additional 30,944 shares in the last quarter. Heartland Bank & Trust Co acquired a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the second quarter valued at about $4,286,000. Janney Montgomery Scott LLC lifted its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 62.4% in the first 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. Parallel Advisors LLC lifted its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 9.4% in the first quarter. Parallel Advisors LLC now owns 181,965 shares of the company’s stock worth $3,588,000 after buying an additional 15,559 shares in the last quarter. Finally, Boston Family Office LLC boosted its position in iShares iBonds Dec 2030 Term Treasury ETF by 14.8% during the fourth quarter. Boston Family Office LLC now owns 115,375 shares of the company’s stock worth $2,290,000 after acquiring an additional 14,865 shares during the last quarter.

About iShares iBonds Dec 2030 Term Treasury ETF

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.