iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sets New 52-Week Low – Time to Sell?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $22.00 and last traded at $22.01, with a volume of 62417 shares traded. The stock had previously closed at $22.08.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.4%

The firm’s 50-day simple moving average is $22.09 and its 200 day simple moving average is $22.19.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a dividend of $0.0694 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, August 3rd.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Reliant Wealth Planning boosted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 0.7% during the 4th quarter. Reliant Wealth Planning now owns 91,608 shares of the company’s stock worth $2,049,000 after acquiring an additional 616 shares during the last quarter. Pinnacle Bancorp Inc. increased its stake in iShares iBonds Dec 2028 Term Treasury ETF by 4.3% in the first quarter. Pinnacle Bancorp Inc. now owns 16,163 shares of the company’s stock valued at $360,000 after purchasing an additional 671 shares in the last quarter. Towne Trust Company N.A increased its stake in iShares iBonds Dec 2028 Term Treasury ETF by 9.7% in the first quarter. Towne Trust Company N.A now owns 12,400 shares of the company’s stock valued at $276,000 after purchasing an additional 1,100 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the first quarter worth $33,000. Finally, Titleist Asset Management LLC raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 0.8% in the fourth quarter. Titleist Asset Management LLC now owns 300,987 shares of the company’s stock worth $6,732,000 after purchasing an additional 2,282 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.