iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Sees Unusually-High Trading Volume – Still a Buy?

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) shares saw an uptick in trading volume on Tuesday . 496,999 shares traded hands during mid-day trading, an increase of 108% from the previous session’s volume of 238,443 shares.The stock last traded at $19.65 and had previously closed at $19.68.

iShares iBonds Dec 2030 Term Treasury ETF Trading Up 0.2%

The firm has a fifty day simple moving average of $19.84 and a 200-day simple moving average of $19.88.

iShares iBonds Dec 2030 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 dividend of $0.057 per share. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, March 2nd.

Institutional Investors Weigh In On iShares iBonds Dec 2030 Term Treasury ETF

Several large investors have recently modified their holdings of IBTK. NewEdge Advisors LLC grew its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 5,624.5% during the third quarter. NewEdge Advisors LLC now owns 420,862 shares of the company’s stock worth $8,365,000 after acquiring an additional 413,510 shares during the last quarter. Rebalance LLC boosted its stake in iShares iBonds Dec 2030 Term Treasury ETF by 2,181.9% during the 4th quarter. Rebalance LLC now owns 259,748 shares of the company’s stock worth $5,155,000 after purchasing an additional 248,365 shares during the period. Ameriprise Financial Inc. boosted its stake in iShares iBonds Dec 2030 Term Treasury ETF by 105.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 239,816 shares of the company’s stock worth $4,749,000 after purchasing an additional 123,261 shares during the period. Hughes Financial Services LLC purchased a new position in iShares iBonds Dec 2030 Term Treasury ETF during the 4th quarter worth $2,150,000. Finally, Titleist Asset Management LLC grew its position in iShares iBonds Dec 2030 Term Treasury ETF by 9.5% during the 4th quarter. Titleist Asset Management LLC now owns 1,158,487 shares of the company’s stock worth $22,990,000 after purchasing an additional 100,157 shares during the last quarter.

About iShares iBonds Dec 2030 Term Treasury ETF

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.