iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Reaches New 1-Year Low – What’s Next?

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $21.44 and last traded at $21.45, with a volume of 13262 shares traded. The stock had previously closed at $21.53.

iShares iBonds Dec 2029 Term Treasury ETF Price Performance

The firm has a 50-day moving average price of $21.57 and a 200 day moving average price of $21.71.

iShares iBonds Dec 2029 Term Treasury ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a $0.0686 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 3.8%. This is a positive change from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Treasury ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 4.9% in the first quarter. Parallel Advisors LLC now owns 149,253 shares of the company’s stock valued at $3,260,000 after acquiring an additional 7,024 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 6.5% in the 1st quarter. NewEdge Advisors LLC now owns 454,037 shares of the company’s stock valued at $9,918,000 after purchasing an additional 27,825 shares during the period. Reliant Wealth Planning grew its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 8.1% during the 1st quarter. Reliant Wealth Planning now owns 60,419 shares of the company’s stock worth $1,320,000 after purchasing an additional 4,544 shares in the last quarter. Basepoint Wealth LLC bought a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF during the first quarter worth approximately $44,000. Finally, Koss Olinger Consulting LLC bought a new position in iShares iBonds Dec 2029 Term Treasury ETF during the 1st quarter worth $280,000.

iShares iBonds Dec 2029 Term Treasury ETF Company Profile

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.