iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Reaches New 12-Month Low – Here’s Why

Shares of iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) reached a new 52-week low during trading on Wednesday . The stock traded as low as $19.99 and last traded at $19.99, with a volume of 6809 shares. The stock had previously closed at $20.01.

iShares iBonds Dec 2031 Term Treasury ETF Stock Performance

The business’s fifty day moving average price is $20.12 and its two-hundred day moving average price is $20.34.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.0618 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 67.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock worth $3,058,000 after buying an additional 60,597 shares during the period. Thoroughbred Financial Services LLC raised its holdings in iShares iBonds Dec 2031 Term Treasury ETF by 28.3% in the 4th quarter. Thoroughbred Financial Services LLC now owns 187,518 shares of the company’s stock worth $3,848,000 after acquiring an additional 41,354 shares during the period. Parallel Advisors LLC lifted its position 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 worth $4,094,000 after acquiring an additional 30,319 shares during the last quarter. United Capital Financial Advisors LLC lifted its position in iShares iBonds Dec 2031 Term Treasury ETF by 64.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 224,705 shares of the company’s stock worth $4,622,000 after acquiring an additional 88,097 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in iShares iBonds Dec 2031 Term Treasury ETF by 40.6% during the third quarter. Integrated Wealth Concepts LLC now owns 37,156 shares of the company’s stock valued at $764,000 after acquiring an additional 10,720 shares during the period.

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.