iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Strong Trading Volume – Here’s What Happened

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) shares saw unusually-strong trading volume on Tuesday. 820,792 shares were traded during trading, an increase of 231% from the average daily volume of 247,692 shares. The stock last traded at $19.6850 and had previously closed at $19.73.

iShares iBonds Dec 2031 Term Treasury ETF Trading Down 0.2%

The stock’s fifty day simple moving average is $19.66 and its 200-day simple moving average is $20.12.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be paid a dividend of $0.0702 per share. The ex-dividend date is Monday, November 2nd. This is an increase from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0656. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.3%.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Treasury ETF

Several institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 155.6% during the third quarter. Parallel Advisors LLC now owns 549,996 shares of the company’s stock worth $10,708,000 after acquiring an additional 334,843 shares during the last quarter. Heartwood Wealth Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF in the 3rd quarter worth about $9,666,000. Montecito Bank & Trust acquired a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the third quarter valued at $784,000. Confluence Investment Management LLC purchased a new stake in iShares iBonds Dec 2031 Term Treasury ETF in the 3rd quarter worth approximately $16,376,000. Finally, NewEdge Advisors LLC boosted its stake in iShares iBonds Dec 2031 Term Treasury ETF by 6.0% in the 2nd quarter. NewEdge Advisors LLC now owns 676,777 shares of the company’s stock worth $13,664,000 after buying an additional 38,213 shares during the last quarter.

About iShares iBonds Dec 2031 Term Treasury ETF

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.