iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw strong trading volume on Thursday . 329,356 shares traded hands during trading, an increase of 39% from the previous session’s volume of 237,311 shares.The stock last traded at $22.3650 and had previously closed at $22.39.

iShares iBonds Dec 2028 Term Treasury ETF Stock Performance

The company’s 50 day moving average price is $22.39 and its 200-day moving average price is $22.32.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, December 1st were issued a dividend of $0.0684 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, December 1st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cary Street Partners Financial LLC increased its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 7.4% in the 1st quarter. Cary Street Partners Financial LLC now owns 40,656 shares of the company’s stock worth $905,000 after acquiring an additional 2,787 shares during the last quarter. Scissortail Wealth Management LLC boosted its position in iShares iBonds Dec 2028 Term Treasury ETF by 24.1% during the first quarter. Scissortail Wealth Management LLC now owns 412,458 shares of the company’s stock worth $9,177,000 after purchasing an additional 79,979 shares during the period. FCA Corp TX increased its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 0.5% in the first quarter. FCA Corp TX now owns 198,253 shares of the company’s stock worth $4,411,000 after purchasing an additional 946 shares in the last quarter. Boston Family Office LLC increased its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 48.6% in the first quarter. Boston Family Office LLC now owns 132,495 shares of the company’s stock worth $2,948,000 after purchasing an additional 43,303 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 5.5% in the first quarter. Baird Financial Group Inc. now owns 66,390 shares of the company’s stock valued at $1,477,000 after purchasing an additional 3,482 shares during the period.

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.