iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Hits New 12-Month Low – Should You Sell?

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $21.44 and last traded at $21.45, with a volume of 13262 shares changing hands. The stock had previously closed at $21.53.

iShares iBonds Dec 2029 Term Treasury ETF Stock Performance

The stock’s 50 day moving average price is $21.56 and its two-hundred day moving average price is $21.70.

iShares iBonds Dec 2029 Term Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, September 1st will be given a dividend of $0.0695 per share. The ex-dividend date is Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 3.9%. This is a boost from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 713.5% in the third quarter. NewEdge Advisors LLC now owns 386,300 shares of the company’s stock valued at $8,481,000 after buying an additional 338,814 shares during the last quarter. United Capital Financial Advisors LLC grew its stake in iShares iBonds Dec 2029 Term Treasury ETF by 65.5% in the 3rd quarter. United Capital Financial Advisors LLC now owns 805,137 shares of the company’s stock worth $17,677,000 after acquiring an additional 318,717 shares during the period. Ameriprise Financial Inc. grew its stake in iShares iBonds Dec 2029 Term Treasury ETF by 188.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 177,997 shares of the company’s stock worth $3,890,000 after acquiring an additional 116,250 shares during the period. Hughes Financial Services LLC acquired a new position in iShares iBonds Dec 2029 Term Treasury ETF in the 4th quarter valued at $2,152,000. Finally, Janney Montgomery Scott LLC raised its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 59.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 254,141 shares of the company’s stock valued at $5,551,000 after acquiring an additional 94,538 shares during the last quarter.

iShares iBonds Dec 2029 Term Treasury ETF Company Profile

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.