iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Hits New 52-Week Low – What’s Next?

Shares of iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $19.99 and last traded at $19.99, with a volume of 6809 shares traded. The stock had previously closed at $20.01.

iShares iBonds Dec 2031 Term Treasury ETF Trading Down 0.1%

The business has a fifty day moving average price of $20.12 and a 200 day moving average price of $20.34.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.0618 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.7%.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Treasury ETF

Large investors have recently made changes to their positions in the business. Parallel Advisors LLC increased its stake in iShares iBonds Dec 2031 Term Treasury ETF by 17.8% in the 1st quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock worth $4,094,000 after purchasing an additional 30,319 shares in the last quarter. NewEdge Advisors LLC boosted its stake in iShares iBonds Dec 2031 Term Treasury ETF by 5.0% in the 1st quarter. NewEdge Advisors LLC now owns 638,564 shares of the company’s stock worth $13,026,000 after purchasing an additional 30,220 shares during the period. McIlrath & Eck LLC acquired a new position in iShares iBonds Dec 2031 Term Treasury ETF in the 1st quarter worth approximately $52,000. Janney Montgomery Scott LLC grew its position in iShares iBonds Dec 2031 Term Treasury ETF by 67.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock worth $3,058,000 after purchasing an additional 60,597 shares in the last quarter. Finally, Montecito Bank & Trust grew its position in iShares iBonds Dec 2031 Term Treasury ETF by 14.0% during the 1st quarter. Montecito Bank & Trust now owns 29,601 shares of the company’s stock worth $604,000 after purchasing an additional 3,631 shares in the last quarter.

About iShares iBonds Dec 2031 Term Treasury ETF

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.