iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Reaches New 12-Month Low – Should You Sell?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $22.05 and last traded at $22.05, with a volume of 39038 shares. The stock had previously closed at $22.07.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

The stock has a fifty day moving average price of $22.13 and a two-hundred day moving average price of $22.26.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.0679 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. lifted its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 86.8% in the 2nd quarter. Baird Financial Group Inc. now owns 124,018 shares of the company’s stock worth $2,773,000 after purchasing an additional 57,628 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 70.7% in the third quarter. Ameriprise Financial Inc. now owns 371,121 shares of the company’s stock valued at $8,290,000 after acquiring an additional 153,700 shares in the last quarter. Hughes Financial Services LLC boosted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 4.4% during the 3rd quarter. Hughes Financial Services LLC now owns 99,147 shares of the company’s stock valued at $2,216,000 after purchasing an additional 4,152 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 28.7% during the third quarter. Integrated Wealth Concepts LLC now owns 437,722 shares of the company’s stock worth $9,798,000 after acquiring an additional 97,565 shares during the period. Finally, United Capital Financial Advisors LLC grew its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 63.9% in the 3rd quarter. United Capital Financial Advisors LLC now owns 797,841 shares of the company’s stock worth $17,860,000 after purchasing an additional 310,968 shares during the last quarter.

About iShares iBonds Dec 2028 Term Treasury ETF

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.