iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Shares Cross Above 50 Day Moving Average – Here’s What Happened

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $19.14 and traded as high as $19.19. iShares iBonds Dec 2030 Term Treasury ETF shares last traded at $19.17, with a volume of 455,031 shares.

iShares iBonds Dec 2030 Term Treasury ETF Price Performance

The business has a 50-day simple moving average of $19.14 and a 200-day simple moving average of $19.51.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.0591 per share. This is a drop 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%. The ex-dividend date of this dividend was Thursday, October 1st.

Institutional Trading of iShares iBonds Dec 2030 Term Treasury ETF

Several hedge funds have recently added to or reduced their stakes in IBTK. Farther Finance Advisors LLC acquired a new stake in iShares iBonds Dec 2030 Term Treasury ETF in the third quarter valued at approximately $50,000. Midwest Professional Planners LTD. increased its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 6.3% in the 1st 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 during the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the 3rd quarter valued at approximately $297,000. Heartland Bank & Trust Co raised its holdings in shares of iShares iBonds Dec 2030 Term Treasury ETF by 27.7% in the 1st quarter. Heartland Bank & Trust Co now owns 22,603 shares of the company’s stock valued at $446,000 after purchasing an additional 4,897 shares in the last quarter. Finally, Reliant Wealth Planning raised its holdings in shares of iShares iBonds Dec 2030 Term Treasury ETF by 12.8% in the 1st quarter. Reliant Wealth Planning now owns 41,998 shares of the company’s stock valued at $828,000 after purchasing an additional 4,779 shares in 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.