iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Hits New 52-Week Low – Should You Sell?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $22.07 and last traded at $22.07, with a volume of 118573 shares trading hands. The stock had previously closed at $22.11.

iShares iBonds Dec 2028 Term Treasury ETF Stock Performance

The business’s 50-day moving average is $22.20 and its 200-day moving average is $22.31.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.0703 per share. This is an increase from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IBTI. United Capital Financial Advisors LLC raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 63.9% in the third quarter. United Capital Financial Advisors LLC now owns 797,841 shares of the company’s stock worth $17,860,000 after buying an additional 310,968 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 34.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 588,449 shares of the company’s stock worth $13,161,000 after buying an additional 150,727 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 70.7% in the third quarter. Ameriprise Financial Inc. now owns 371,121 shares of the company’s stock worth $8,290,000 after buying an additional 153,700 shares during the last quarter. NewEdge Advisors LLC raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 3.8% in the fourth quarter. NewEdge Advisors LLC now owns 335,732 shares of the company’s stock worth $7,509,000 after buying an additional 12,369 shares during the last quarter. Finally, Titleist Asset Management LLC raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 0.8% in the fourth quarter. Titleist Asset Management LLC now owns 300,987 shares of the company’s stock worth $6,732,000 after buying an additional 2,282 shares during the last quarter.

About iShares iBonds Dec 2028 Term Treasury ETF

The iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is an exchange-traded fund that is based on the ICE 2028 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2028. The fund will terminate in December 2028. IBTI was launched on Feb 25, 2020 and is managed by BlackRock.