iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Stock Price Up 0.1% – Still a Buy?

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) shot up 0.1% during mid-day trading on Friday . The stock traded as high as $25.76 and last traded at $25.75. 35,123 shares were traded during trading, a decline of 20% from the average session volume of 43,902 shares. The stock had previously closed at $25.72.

iShares iBonds Dec 2034 Term Treasury ETF Price Performance

The company has a 50-day moving average of $25.90 and a 200 day moving average of $25.83.

iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a $0.0893 dividend. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IBTP. Thoroughbred Financial Services LLC purchased a new stake in shares of iShares iBonds Dec 2034 Term Treasury ETF in the third quarter valued at $233,000. Flow Traders U.S. LLC bought a new position in iShares iBonds Dec 2034 Term Treasury ETF during the 3rd quarter valued at about $389,000. United Capital Financial Advisors LLC raised its position in iShares iBonds Dec 2034 Term Treasury ETF by 43.6% in the 3rd quarter. United Capital Financial Advisors LLC now owns 60,275 shares of the company’s stock worth $1,562,000 after purchasing an additional 18,300 shares during the period. Atlantic Private Wealth LLC lifted its stake in iShares iBonds Dec 2034 Term Treasury ETF by 24.4% in the third quarter. Atlantic Private Wealth LLC now owns 219,045 shares of the company’s stock worth $5,675,000 after purchasing an additional 42,927 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its stake in iShares iBonds Dec 2034 Term Treasury ETF by 11.4% in the fourth quarter. Confluence Investment Management LLC now owns 716,175 shares of the company’s stock worth $18,484,000 after purchasing an additional 73,471 shares during the last quarter.

iShares iBonds Dec 2034 Term Treasury ETF Company Profile

The iShares iBonds Dec 2034 Term Treasury ETF (IBTP) is an exchange-traded fund that is based on the ICE 2034 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2034. The fund will terminate in December 2034. IBTP was launched on Jun 11, 2024 and is issued by BlackRock.