iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Sets New 52-Week Low – What’s Next?

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $22.01 and last traded at $22.0010, with a volume of 156509 shares trading hands. The stock had previously closed at $22.02.

iShares iBonds Dec 2032 Term Treasury ETF Trading Down 0.1%

The stock’s 50-day simple moving average is $22.43 and its 200 day simple moving average is $22.68.

iShares iBonds Dec 2032 Term Treasury ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.0759 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 4.1%. This is a positive change from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.08.

Institutional Investors Weigh In On iShares iBonds Dec 2032 Term Treasury ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in shares of iShares iBonds Dec 2032 Term Treasury ETF by 64.2% during the third quarter. Ameriprise Financial Inc. now owns 361,010 shares of the company’s stock worth $8,332,000 after buying an additional 141,122 shares in the last quarter. Parallel Advisors LLC increased its position in iShares iBonds Dec 2032 Term Treasury ETF by 146.6% during the first quarter. Parallel Advisors LLC now owns 162,870 shares of the company’s stock worth $3,735,000 after acquiring an additional 96,836 shares during the period. Janney Montgomery Scott LLC increased its position in iShares iBonds Dec 2032 Term Treasury ETF by 13.5% during the first quarter. Janney Montgomery Scott LLC now owns 551,409 shares of the company’s stock worth $12,644,000 after acquiring an additional 65,447 shares during the period. Atlantic Private Wealth LLC raised its stake in iShares iBonds Dec 2032 Term Treasury ETF by 25.3% in the 2nd quarter. Atlantic Private Wealth LLC now owns 293,989 shares of the company’s stock worth $6,672,000 after purchasing an additional 59,363 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in iShares iBonds Dec 2032 Term Treasury ETF in the 2nd quarter worth about $672,000.

About iShares iBonds Dec 2032 Term Treasury ETF

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.