iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) saw unusually-strong trading volume on Wednesday. 1,108,174 shares were traded during trading, an increase of 286% from the previous session’s volume of 287,410 shares. The stock last traded at $18.9850 and had previously closed at $18.98.

iShares iBonds Dec 2030 Term Treasury ETF Trading Up 0.0%

The business’s fifty day moving average is $19.25 and its 200 day moving average is $19.45.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.0591 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.71 annualized dividend and a dividend yield of 3.7%. This is a negative change from iShares iBonds Dec 2030 Term Treasury ETF’s previous monthly dividend of $0.0619.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC raised its position 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 last quarter. Heartwood Wealth Advisors LLC bought a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF during the 3rd quarter worth approximately $9,589,000. Confluence Investment Management LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the third quarter valued at approximately $5,893,000. Heartland Bank & Trust Co bought a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the second quarter worth $4,286,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 62.4% in the first quarter. Janney Montgomery Scott LLC now owns 188,443 shares of the company’s stock worth $3,716,000 after purchasing an additional 72,374 shares in the last quarter.

About iShares iBonds Dec 2030 Term Treasury ETF

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.