iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Reaches New 1-Year Low – Should You Sell?

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $19.93 and last traded at $19.93, with a volume of 1391 shares changing hands. The stock had previously closed at $20.01.

iShares iBonds Dec 2031 Term Treasury ETF Stock Performance

The stock has a 50 day simple moving average of $20.04 and a 200 day simple moving average of $20.24.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.0661 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 1st. This is an increase from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.07.

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

Several hedge funds and other institutional investors have recently bought and sold shares of IBTL. Janney Montgomery Scott LLC grew its position in iShares iBonds Dec 2031 Term Treasury ETF by 67.8% in 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. NewEdge Advisors LLC raised its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 5.0% during the first quarter. NewEdge Advisors LLC now owns 638,564 shares of the company’s stock valued at $13,026,000 after purchasing an additional 30,220 shares during the period. Thoroughbred Financial Services LLC lifted its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 28.3% during the fourth quarter. Thoroughbred Financial Services LLC now owns 187,518 shares of the company’s stock worth $3,848,000 after purchasing an additional 41,354 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 17.8% during the first quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock worth $4,094,000 after purchasing an additional 30,319 shares in the last quarter. Finally, United Capital Financial Advisors LLC boosted its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 64.5% in the third quarter. United Capital Financial Advisors LLC now owns 224,705 shares of the company’s stock valued at $4,622,000 after purchasing an additional 88,097 shares during the period.

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.