Confluence Investment Management LLC Acquires 841,069 Shares of iShares iBonds Dec 2031 Term Treasury ETF $IBTL

Confluence Investment Management LLC acquired a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 841,069 shares of the company’s stock, valued at approximately $16,376,000. Confluence Investment Management LLC owned about 2.20% of iShares iBonds Dec 2031 Term Treasury ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBTL. NewEdge Advisors LLC raised its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 6.0% during the 2nd quarter. NewEdge Advisors LLC now owns 676,777 shares of the company’s stock worth $13,664,000 after purchasing 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% in the first quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock worth $4,094,000 after buying an additional 30,319 shares during the last quarter. McIlrath & Eck LLC bought a new position in iShares iBonds Dec 2031 Term Treasury ETF during the first quarter valued at approximately $52,000. Janney Montgomery Scott LLC raised its position in iShares iBonds Dec 2031 Term Treasury ETF by 67.8% during the first quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock valued at $3,058,000 after acquiring an additional 60,597 shares in the last quarter. Finally, Montecito Bank & Trust lifted 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 valued at $604,000 after acquiring an additional 3,631 shares during the last quarter.

iShares iBonds Dec 2031 Term Treasury ETF Stock Performance

IBTL stock traded down $0.01 during trading hours on Thursday, hitting $19.46. The company’s stock had a trading volume of 123,225 shares, compared to its average volume of 221,231. The stock has a 50 day moving average price of $19.85 and a two-hundred day moving average price of $20.09. iShares iBonds Dec 2031 Term Treasury ETF has a 12 month low of $19.37 and a 12 month high of $20.81.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be issued a $0.0656 dividend. This is a drop from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0661. This represents a $0.79 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, October 1st.

iShares iBonds Dec 2031 Term Treasury ETF Company Profile

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.