Confluence Investment Management LLC Purchases New Position in iShares iBonds Dec 2034 Term Treasury ETF $IBTP

Confluence Investment Management LLC purchased a new stake in shares of iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 938,069 shares of the company’s stock, valued at approximately $22,550,000. Confluence Investment Management LLC owned approximately 7.16% of iShares iBonds Dec 2034 Term Treasury ETF at the end of the most recent quarter.

Separately, Dearborn Partners LLC purchased a new stake in shares of iShares iBonds Dec 2034 Term Treasury ETF in the fourth quarter worth approximately $206,000.

iShares iBonds Dec 2034 Term Treasury ETF Price Performance

IBTP traded up $0.01 during mid-day trading on Thursday, reaching $24.05. 29,895 shares of the stock were exchanged, compared to its average volume of 57,762. iShares iBonds Dec 2034 Term Treasury ETF has a 1 year low of $23.89 and a 1 year high of $26.32. The company has a 50 day moving average price of $24.78 and a two-hundred day moving average price of $25.18.

iShares iBonds Dec 2034 Term Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be given a dividend of $0.0830 per share. The ex-dividend date is Thursday, October 1st. This is a decrease from iShares iBonds Dec 2034 Term Treasury ETF’s previous monthly dividend of $0.0871. This represents a $1.00 annualized dividend and a yield of 4.1%.

iShares iBonds Dec 2034 Term Treasury ETF Profile

The iShares iBonds Dec 2034 Term Treasury ETF (IBTP) is an exchange-traded fund that is based on the ICE 2034 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2034. The fund will terminate in December 2034. IBTP was launched on Jun 11, 2024 and is issued by BlackRock.