iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) saw unusually-strong trading volume on Tuesday. 1,884,290 shares changed hands during trading, an increase of 518% from the previous session’s volume of 304,819 shares. The stock last traded at $21.2150 and had previously closed at $21.20.

iShares iBonds Dec 2029 Term Treasury ETF Trading Up 0.1%

The stock’s fifty day simple moving average is $21.42 and its two-hundred day simple moving average is $21.58.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.0668 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.0695.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IBTJ. Horizons Wealth Management acquired a new stake in iShares iBonds Dec 2029 Term Treasury ETF in the third quarter worth about $2,492,000. Heartwood Wealth Advisors LLC bought a new position in iShares iBonds Dec 2029 Term Treasury ETF during the third quarter valued at about $39,285,000. Montecito Bank & Trust bought a new stake in iShares iBonds Dec 2029 Term Treasury ETF in the third quarter worth about $5,429,000. Confluence Investment Management LLC bought a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF during the 3rd quarter valued at about $11,674,000. Finally, Parallel Advisors LLC boosted its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 4.9% during the 1st quarter. Parallel Advisors LLC now owns 149,253 shares of the company’s stock valued at $3,260,000 after purchasing an additional 7,024 shares in the last quarter.

About iShares iBonds Dec 2029 Term Treasury ETF

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.