iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) saw an uptick in trading volume on Wednesday . 1,006,520 shares traded hands during mid-day trading, an increase of 446% from the previous session’s volume of 184,385 shares.The stock last traded at $20.44 and had previously closed at $20.51.

iShares iBonds Dec 2031 Term Treasury ETF Price Performance

The company’s 50-day moving average price is $20.55 and its two-hundred day moving average price is $20.58.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.0615 dividend. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, March 2nd.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of iShares iBonds Dec 2031 Term Treasury ETF in the 4th quarter worth approximately $38,000. Bogart Wealth LLC raised its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 62.6% during the 4th quarter. Bogart Wealth LLC now owns 3,591 shares of the company’s stock valued at $74,000 after acquiring an additional 1,383 shares in the last quarter. CNB Bank acquired a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the 3rd quarter valued at approximately $136,000. Titleist Asset Management LLC bought a new position in iShares iBonds Dec 2031 Term Treasury ETF during the fourth quarter worth $304,000. Finally, Strategic Blueprint LLC bought a new position in iShares iBonds Dec 2031 Term Treasury ETF during the third quarter worth $320,000.

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.