iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Hits New 52-Week Low – Here’s Why

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTKGet Free Report)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $19.07 and last traded at $19.1010, with a volume of 292161 shares changing hands. The stock had previously closed at $19.07.

iShares iBonds Dec 2030 Term Treasury ETF Stock Up 0.2%

The firm’s 50-day simple moving average is $19.35 and its 200-day simple moving average is $19.52.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.0619 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, September 1st.

Hedge Funds Weigh In On iShares iBonds Dec 2030 Term Treasury ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Heartland Bank & Trust Co bought a new position in iShares iBonds Dec 2030 Term Treasury ETF in the second quarter worth $4,286,000. Hughes Financial Services LLC bought a new stake in iShares iBonds Dec 2030 Term Treasury ETF in the 4th quarter valued at $2,150,000. Janney Montgomery Scott LLC increased its holdings in iShares iBonds Dec 2030 Term Treasury ETF by 62.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 188,443 shares of the company’s stock valued at $3,716,000 after buying an additional 72,374 shares during the period. NewEdge Advisors LLC increased its holdings in iShares iBonds Dec 2030 Term Treasury ETF by 6.6% in the 1st quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock valued at $9,863,000 after buying an additional 30,944 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 9.4% in the 1st quarter. Parallel Advisors LLC now owns 181,965 shares of the company’s stock valued at $3,588,000 after buying an additional 15,559 shares in the last quarter.

iShares iBonds Dec 2030 Term Treasury ETF Company Profile

(Get Free Report)

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.

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