iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Large Volume Increase – Time to Buy?

Shares of iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) saw unusually-strong trading volume on Tuesday . 903,711 shares changed hands during mid-day trading, an increase of 393% from the previous session’s volume of 183,226 shares.The stock last traded at $20.02 and had previously closed at $19.95.

iShares iBonds Dec 2031 Term Treasury ETF Price Performance

The business’s 50-day moving average price is $20.09 and its 200 day moving average price is $20.31.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd will be paid a $0.066 dividend. This is an increase from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, August 3rd.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Treasury ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC raised its stake in iShares iBonds Dec 2031 Term Treasury ETF by 17.8% in the first quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock worth $4,094,000 after buying an additional 30,319 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 5.0% in the first quarter. NewEdge Advisors LLC now owns 638,564 shares of the company’s stock worth $13,026,000 after purchasing an additional 30,220 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of iShares iBonds Dec 2031 Term Treasury ETF during the first quarter valued at $52,000. Janney Montgomery Scott LLC raised its position in iShares iBonds Dec 2031 Term Treasury ETF by 67.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock worth $3,058,000 after buying an additional 60,597 shares during the last quarter. Finally, Montecito Bank & Trust lifted its stake in iShares iBonds Dec 2031 Term Treasury ETF by 14.0% during the 1st quarter. Montecito Bank & Trust now owns 29,601 shares of the company’s stock valued at $604,000 after acquiring an additional 3,631 shares during the period.

iShares iBonds Dec 2031 Term Treasury ETF Company Profile

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.