iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Hits New 12-Month Low – Should You Sell?

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL)’s share price reached a new 52-week low on Monday . The company traded as low as $19.99 and last traded at $20.00, with a volume of 55240 shares trading hands. The stock had previously closed at $20.06.

iShares iBonds Dec 2031 Term Treasury ETF Stock Performance

The firm’s 50-day simple moving average is $20.14 and its 200 day simple moving average is $20.37.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.0618 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.7%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the 4th quarter worth approximately $38,000. McIlrath & Eck LLC bought a new position in shares of iShares iBonds Dec 2031 Term Treasury ETF in the first quarter valued at $52,000. Bogart Wealth LLC increased its holdings in iShares iBonds Dec 2031 Term Treasury ETF by 62.6% during the fourth quarter. Bogart Wealth LLC now owns 3,591 shares of the company’s stock worth $74,000 after buying an additional 1,383 shares during the last quarter. Titleist Asset Management LLC acquired a new position in iShares iBonds Dec 2031 Term Treasury ETF during the fourth quarter worth $304,000. Finally, Reliant Wealth Planning raised its position in iShares iBonds Dec 2031 Term Treasury ETF by 16.8% during the fourth quarter. Reliant Wealth Planning now owns 16,898 shares of the company’s stock worth $347,000 after acquiring an additional 2,428 shares in the last quarter.

About iShares iBonds Dec 2031 Term Treasury ETF

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.