iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Reaches New 52-Week Low – Here’s Why

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) hit a new 52-week low during trading on Monday . The stock traded as low as $22.03 and last traded at $22.03, with a volume of 11257 shares trading hands. The stock had previously closed at $22.09.

iShares iBonds Dec 2028 Term Treasury ETF Trading Up 0.2%

The business’s fifty day moving average is $22.10 and its 200 day moving average is $22.22.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 6th. Investors of record on Monday, August 3rd will be given a dividend of $0.0694 per share. The ex-dividend date is Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 3.8%. This is a boost from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IBTI. United Capital Financial Advisors LLC grew its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 63.9% in the third quarter. United Capital Financial Advisors LLC now owns 797,841 shares of the company’s stock valued at $17,860,000 after purchasing an additional 310,968 shares during the period. Integrated Wealth Concepts LLC boosted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 34.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 588,449 shares of the company’s stock worth $13,161,000 after buying an additional 150,727 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 70.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 371,121 shares of the company’s stock valued at $8,290,000 after buying an additional 153,700 shares during the period. NewEdge Advisors LLC increased its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 3.8% during the 4th quarter. NewEdge Advisors LLC now owns 335,732 shares of the company’s stock valued at $7,509,000 after acquiring an additional 12,369 shares during the last quarter. Finally, Titleist Asset Management LLC increased its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 0.8% during the 4th quarter. Titleist Asset Management LLC now owns 300,987 shares of the company’s stock valued at $6,732,000 after acquiring an additional 2,282 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.