iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) Sees Unusually-High Trading Volume – Still a Buy?

iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) shares saw an uptick in trading volume on Wednesday. 1,098,604 shares changed hands during mid-day trading, an increase of 106% from the average daily volume of 532,452 shares. The stock last traded at $22.3350 and had previously closed at $22.34.

iShares iBonds Dec 2027 Term Treasury ETF Stock Performance

The stock’s 50 day simple moving average is $22.32 and its 200 day simple moving average is $22.38.

iShares iBonds Dec 2027 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.0692 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.83 dividend on an annualized basis and a yield of 3.7%. This is a negative change from iShares iBonds Dec 2027 Term Treasury ETF’s previous monthly dividend of $0.0695.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Rebalance LLC grew its stake in iShares iBonds Dec 2027 Term Treasury ETF by 62.5% in the 3rd quarter. Rebalance LLC now owns 486,882 shares of the company’s stock valued at $10,867,000 after purchasing an additional 187,226 shares during the period. Montecito Bank & Trust purchased a new stake in shares of iShares iBonds Dec 2027 Term Treasury ETF during the 3rd quarter worth approximately $2,124,000. True Link Financial Advisors LLC bought a new stake in shares of iShares iBonds Dec 2027 Term Treasury ETF in the 3rd quarter worth approximately $1,893,000. Midwest Professional Planners LTD. lifted its stake in iShares iBonds Dec 2027 Term Treasury ETF by 29.0% in the first quarter. Midwest Professional Planners LTD. now owns 264,689 shares of the company’s stock valued at $5,937,000 after purchasing an additional 59,478 shares during the last quarter. Finally, Horizons Wealth Management bought a new position in iShares iBonds Dec 2027 Term Treasury ETF during the third quarter valued at $1,138,000.

iShares iBonds Dec 2027 Term Treasury ETF Company Profile

The iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is an exchange-traded fund that is based on the ICE 2027 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2027. The fund will terminate in December 2027. IBTH was launched on Feb 25, 2020 and is managed by BlackRock.