iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Shares Down 0.4% – Time to Sell?

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ)’s share price dropped 0.4% on Friday . The stock traded as low as $21.74 and last traded at $21.75. 222,286 shares changed hands during trading, a decline of 24% from the average session volume of 294,279 shares. The stock had previously closed at $21.83.

iShares iBonds Dec 2029 Term Treasury ETF Stock Down 0.4%

The company has a 50 day moving average of $21.95 and a 200 day moving average of $21.96.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.0626 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.5%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Boston Family Office LLC lifted its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 30.1% during the 2nd quarter. Boston Family Office LLC now owns 107,789 shares of the company’s stock valued at $2,363,000 after acquiring an additional 24,916 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 141.8% during the second quarter. Baird Financial Group Inc. now owns 103,277 shares of the company’s stock worth $2,264,000 after purchasing an additional 60,569 shares during the period. Cary Street Partners Financial LLC raised its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 3.2% during the second quarter. Cary Street Partners Financial LLC now owns 40,960 shares of the company’s stock worth $898,000 after purchasing an additional 1,289 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 9.7% during the second quarter. Ameriprise Financial Inc. now owns 61,747 shares of the company’s stock valued at $1,353,000 after purchasing an additional 5,470 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 31.9% during the second quarter. Captrust Financial Advisors now owns 94,055 shares of the company’s stock valued at $2,062,000 after purchasing an additional 22,735 shares during 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.