iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Large Volume Increase – Still a Buy?

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) shares saw strong trading volume on Thursday . Approximately 680,541 shares traded hands during mid-day trading, an increase of 281% from the previous session’s volume of 178,523 shares.The stock last traded at $20.07 and had previously closed at $20.03.

iShares iBonds Dec 2031 Term Treasury ETF Trading Down 0.1%

The stock’s fifty day simple moving average is $20.14 and its 200-day simple moving average is $20.37.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.0618 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

Several hedge funds have recently modified their holdings of IBTL. Parallel Advisors LLC grew its stake in iShares iBonds Dec 2031 Term Treasury ETF by 17.8% during the 1st quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock worth $4,094,000 after purchasing an additional 30,319 shares in the last quarter. NewEdge Advisors LLC raised its position in iShares iBonds Dec 2031 Term Treasury ETF by 5.0% in the 1st quarter. NewEdge Advisors LLC now owns 638,564 shares of the company’s stock valued at $13,026,000 after purchasing an additional 30,220 shares in the last quarter. McIlrath & Eck LLC purchased a new position in shares of iShares iBonds Dec 2031 Term Treasury ETF in the 1st quarter valued at about $52,000. Janney Montgomery Scott LLC boosted its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 67.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock valued at $3,058,000 after buying an additional 60,597 shares during the period. Finally, Montecito Bank & Trust grew its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 14.0% during the first quarter. Montecito Bank & Trust now owns 29,601 shares of the company’s stock worth $604,000 after buying an additional 3,631 shares in 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.