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

Shares of iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK – Get Free Report) crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $19.10 and traded as low as $19.08. iShares iBonds Dec 2030 Term Treasury ETF shares last traded at $19.09, with a volume of 314,301 shares trading hands.

iShares iBonds Dec 2030 Term Treasury ETF Stock Down 0.2%

The stock has a 50 day simple moving average of $19.10 and a 200 day simple moving average of $19.48.

iShares iBonds Dec 2030 Term Treasury ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a $0.0624 dividend. This is a positive change from iShares iBonds Dec 2030 Term Treasury ETF’s previous monthly dividend of $0.0591. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $0.75 annualized dividend and a dividend yield of 3.9%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC acquired a new stake in iShares iBonds Dec 2030 Term Treasury ETF in the third quarter worth $11,257,000. Heartwood Wealth Advisors LLC bought a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF during the third quarter worth about $9,589,000. NewEdge Advisors LLC increased its holdings in shares of 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 acquiring an additional 30,944 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the 3rd quarter worth about $5,893,000. Finally, Rebalance LLC bought a new stake in iShares iBonds Dec 2030 Term Treasury ETF in the 3rd quarter valued at about $5,776,000.

iShares iBonds Dec 2030 Term Treasury ETF Company Profile

(Get Free Report)

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.

Further Reading

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