iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Reaches New 52-Week Low – Time to Sell?

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL)’s stock price hit a new 52-week low on Tuesday. The company traded as low as $19.42 and last traded at $19.4350, with a volume of 81217 shares trading hands. The stock had previously closed at $19.47.

iShares iBonds Dec 2031 Term Treasury ETF Stock Performance

The firm has a 50 day simple moving average of $19.87 and a 200-day simple moving average of $20.10.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a $0.0661 dividend. This represents a $0.79 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0660.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Treasury ETF

Several institutional investors have recently added to or reduced their stakes in IBTL. NewEdge Advisors LLC boosted its position in iShares iBonds Dec 2031 Term Treasury ETF by 6.0% in the second quarter. NewEdge Advisors LLC now owns 676,777 shares of the company’s stock valued at $13,664,000 after buying an additional 38,213 shares in the last quarter. Parallel Advisors LLC increased its holdings 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 valued at $4,094,000 after purchasing an additional 30,319 shares in the last quarter. McIlrath & Eck LLC bought a new position in iShares iBonds Dec 2031 Term Treasury ETF in the 1st quarter valued at $52,000. Janney Montgomery Scott LLC raised its position in 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 purchasing an additional 60,597 shares during the last quarter. Finally, Montecito Bank & Trust boosted its stake in iShares iBonds Dec 2031 Term Treasury ETF by 14.0% in the first quarter. Montecito Bank & Trust now owns 29,601 shares of the company’s stock worth $604,000 after purchasing 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.