iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Hits New 12-Month Low – What’s Next?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $22.06 and last traded at $22.07, with a volume of 4478 shares changing hands. The stock had previously closed at $22.14.

iShares iBonds Dec 2028 Term Treasury ETF Stock Down 0.4%

The company has a 50 day moving average of $22.15 and a 200 day moving average of $22.27.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.0703 per share. The ex-dividend date of this dividend was Monday, June 1st. This is a boost from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 3.8%.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Large investors have recently added to or reduced their stakes in the business. Reliant Wealth Planning increased its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 0.7% during the 4th quarter. Reliant Wealth Planning now owns 91,608 shares of the company’s stock worth $2,049,000 after purchasing an additional 616 shares during the last quarter. Pinnacle Bancorp Inc. raised its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 4.3% during the 1st quarter. Pinnacle Bancorp Inc. now owns 16,163 shares of the company’s stock valued at $360,000 after purchasing an additional 671 shares in the last quarter. Towne Trust Company N.A lifted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 9.7% in the 1st quarter. Towne Trust Company N.A now owns 12,400 shares of the company’s stock valued at $276,000 after purchasing an additional 1,100 shares during the last quarter. Opus Capital Group LLC lifted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 9.2% in the 4th quarter. Opus Capital Group LLC now owns 15,830 shares of the company’s stock valued at $354,000 after purchasing an additional 1,330 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 1st quarter valued at $33,000.

iShares iBonds Dec 2028 Term Treasury ETF Company Profile

The iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is an exchange-traded fund that is based on the ICE 2028 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2028. The fund will terminate in December 2028. IBTI was launched on Feb 25, 2020 and is managed by BlackRock.