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) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $21.27 and last traded at $21.2450, with a volume of 32203 shares trading hands. The stock had previously closed at $21.30.

iShares iBonds Dec 2029 Term Treasury ETF Stock Performance

The business has a fifty day moving average of $21.50 and a two-hundred day moving average of $21.64.

iShares iBonds Dec 2029 Term Treasury ETF Increases Dividend

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

Institutional Trading of iShares iBonds Dec 2029 Term Treasury ETF

A number of hedge funds have recently modified their holdings of IBTJ. Parallel Advisors LLC grew its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 4.9% in the first quarter. Parallel Advisors LLC now owns 149,253 shares of the company’s stock valued at $3,260,000 after purchasing an additional 7,024 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 6.5% during the 1st quarter. NewEdge Advisors LLC now owns 454,037 shares of the company’s stock worth $9,918,000 after purchasing an additional 27,825 shares during the last quarter. Reliant Wealth Planning lifted its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 8.1% during the 1st quarter. Reliant Wealth Planning now owns 60,419 shares of the company’s stock worth $1,320,000 after purchasing an additional 4,544 shares during the last quarter. Basepoint Wealth LLC bought a new stake in iShares iBonds Dec 2029 Term Treasury ETF in the 1st quarter valued at $44,000. Finally, Koss Olinger Consulting LLC bought a new stake in iShares iBonds Dec 2029 Term Treasury ETF in the 1st quarter valued at $280,000.

About iShares iBonds Dec 2029 Term Treasury ETF

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.