iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sets New 12-Month Low – Should You Sell?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) shares hit a new 52-week low on Thursday . The company traded as low as $22.04 and last traded at $22.04, with a volume of 7000 shares trading hands. The stock had previously closed at $22.06.

iShares iBonds Dec 2028 Term Treasury ETF Stock Performance

The firm’s 50-day simple moving average is $22.10 and its 200-day simple moving average is $22.24.

iShares iBonds Dec 2028 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 $0.0679 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.7%.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Hedge funds have recently made changes to their positions in the stock. Baird Financial Group Inc. increased its stake in iShares iBonds Dec 2028 Term Treasury ETF by 86.8% in the second quarter. Baird Financial Group Inc. now owns 124,018 shares of the company’s stock valued at $2,773,000 after acquiring an additional 57,628 shares during the last quarter. Ameriprise Financial Inc. raised its position in iShares iBonds Dec 2028 Term Treasury ETF by 70.7% during the third quarter. Ameriprise Financial Inc. now owns 371,121 shares of the company’s stock valued at $8,290,000 after purchasing an additional 153,700 shares in the last quarter. United Capital Financial Advisors LLC lifted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 63.9% during the third quarter. United Capital Financial Advisors LLC now owns 797,841 shares of the company’s stock worth $17,860,000 after purchasing an additional 310,968 shares during the last quarter. Rebalance LLC lifted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 47.9% during the fourth quarter. Rebalance LLC now owns 264,893 shares of the company’s stock worth $5,924,000 after purchasing an additional 85,759 shares during the last quarter. Finally, Blue Square Asset Management LLC bought a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the fourth quarter worth about $250,000.

iShares iBonds Dec 2028 Term Treasury ETF Company Profile

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.