iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sets New 52-Week High – Should You Buy?

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $22.11 and last traded at $22.1050, with a volume of 47459 shares changing hands. The stock had previously closed at $22.07.

iShares iBonds Dec 2029 Term Treasury ETF Trading Up 0.2%

The stock’s fifty day simple moving average is $21.96 and its 200 day simple moving average is $21.96.

iShares iBonds Dec 2029 Term Treasury ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.0705 per share. This is a boost from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 713.5% during the third quarter. NewEdge Advisors LLC now owns 386,300 shares of the company’s stock valued at $8,481,000 after purchasing an additional 338,814 shares in the last quarter. United Capital Financial Advisors LLC lifted its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 65.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 805,137 shares of the company’s stock valued at $17,677,000 after buying an additional 318,717 shares in the last quarter. Strategic Blueprint LLC lifted its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 395.7% during the 3rd quarter. Strategic Blueprint LLC now owns 186,646 shares of the company’s stock valued at $4,098,000 after buying an additional 148,992 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 188.3% during the third quarter. Ameriprise Financial Inc. now owns 177,997 shares of the company’s stock worth $3,890,000 after purchasing an additional 116,250 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF during the fourth quarter worth about $2,152,000.

iShares iBonds Dec 2029 Term Treasury ETF Company Profile

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.