iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sets New 12-Month Low – Should You Sell?

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) shares hit a new 52-week low during trading on Friday . The company traded as low as $21.55 and last traded at $21.56, with a volume of 60478 shares trading hands. The stock had previously closed at $21.60.

iShares iBonds Dec 2029 Term Treasury ETF Trading Down 0.2%

The stock’s 50-day moving average price is $21.73 and its 200 day moving average price is $21.87.

iShares iBonds Dec 2029 Term Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.0689 per share. This is an increase from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IBTJ. Baird Financial Group Inc. raised its position in iShares iBonds Dec 2029 Term Treasury ETF by 141.8% in the second quarter. Baird Financial Group Inc. now owns 103,277 shares of the company’s stock worth $2,264,000 after purchasing an additional 60,569 shares in the last quarter. Ameriprise Financial Inc. raised its position in iShares iBonds Dec 2029 Term Treasury ETF by 9.7% in the second quarter. Ameriprise Financial Inc. now owns 61,747 shares of the company’s stock worth $1,353,000 after purchasing an additional 5,470 shares in the last quarter. Captrust Financial Advisors raised its position in iShares iBonds Dec 2029 Term Treasury ETF by 31.9% in the second quarter. Captrust Financial Advisors now owns 94,055 shares of the company’s stock worth $2,062,000 after purchasing an additional 22,735 shares in the last quarter. Heartland Bank & Trust Co raised its position in iShares iBonds Dec 2029 Term Treasury ETF by 6.8% in the third quarter. Heartland Bank & Trust Co now owns 19,589 shares of the company’s stock worth $430,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Thoroughbred Financial Services LLC raised its position in iShares iBonds Dec 2029 Term Treasury ETF by 63.2% in the third quarter. Thoroughbred Financial Services LLC now owns 142,985 shares of the company’s stock worth $3,139,000 after purchasing an additional 55,366 shares in the last quarter.

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.