iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Shares Down 0.7% – Here’s Why

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM)’s stock price were down 0.7% on Friday . The stock traded as low as $22.79 and last traded at $22.81. Approximately 220,799 shares changed hands during trading, an increase of 65% from the average daily volume of 133,887 shares. The stock had previously closed at $22.97.

iShares iBonds Dec 2032 Term Treasury ETF Stock Down 0.7%

The business has a fifty day moving average price of $23.11 and a two-hundred day moving average price of $23.16.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.069 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%.

Institutional Investors Weigh In On iShares iBonds Dec 2032 Term Treasury ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBTM. Thoroughbred Financial Services LLC raised its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 58.9% during the third quarter. Thoroughbred Financial Services LLC now owns 98,547 shares of the company’s stock valued at $2,279,000 after buying an additional 36,512 shares in the last quarter. Boston Family Office LLC lifted its position in shares of iShares iBonds Dec 2032 Term Treasury ETF by 6.7% in the second quarter. Boston Family Office LLC now owns 68,497 shares of the company’s stock worth $1,577,000 after buying an additional 4,304 shares during the last quarter. AllSquare Wealth Management LLC boosted its stake in shares of iShares iBonds Dec 2032 Term Treasury ETF by 8.8% during the 2nd quarter. AllSquare Wealth Management LLC now owns 14,459 shares of the company’s stock worth $333,000 after acquiring an additional 1,174 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of iShares iBonds Dec 2032 Term Treasury ETF by 5.0% during the 4th quarter. NewEdge Advisors LLC now owns 172,182 shares of the company’s stock worth $3,973,000 after acquiring an additional 8,191 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of iShares iBonds Dec 2032 Term Treasury ETF by 3.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 485,962 shares of the company’s stock valued at $11,214,000 after acquiring an additional 17,275 shares during the last quarter.

About iShares iBonds Dec 2032 Term Treasury ETF

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.