iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Sees Strong Trading Volume – Still a Buy?

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) saw unusually-strong trading volume on Thursday. 1,919,854 shares were traded during mid-day trading, an increase of 540% from the previous session’s volume of 299,900 shares. The stock last traded at $19.0640 and had previously closed at $19.01.

iShares iBonds Dec 2030 Term Treasury ETF Price Performance

The company’s 50-day moving average is $19.20 and its 200-day moving average is $19.42.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.0591 dividend. This represents a $0.71 annualized dividend and a dividend yield of 3.7%. This is a drop from iShares iBonds Dec 2030 Term Treasury ETF’s previous monthly dividend of $0.0619. The ex-dividend date was Thursday, October 1st.

Institutional Investors Weigh In On iShares iBonds Dec 2030 Term Treasury ETF

A number of institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF during the 3rd quarter valued at about $50,000. Midwest Professional Planners LTD. grew its position in iShares iBonds Dec 2030 Term Treasury ETF by 6.3% in the 1st quarter. Midwest Professional Planners LTD. now owns 10,900 shares of the company’s stock worth $215,000 after purchasing an additional 642 shares during the last quarter. Heartland Bank & Trust Co raised its stake in iShares iBonds Dec 2030 Term Treasury ETF by 27.7% during the 1st quarter. Heartland Bank & Trust Co now owns 22,603 shares of the company’s stock valued at $446,000 after acquiring an additional 4,897 shares in the last quarter. Reliant Wealth Planning lifted its holdings in iShares iBonds Dec 2030 Term Treasury ETF by 12.8% in the first quarter. Reliant Wealth Planning now owns 41,998 shares of the company’s stock worth $828,000 after purchasing an additional 4,779 shares during the period. Finally, Montecito Bank & Trust acquired a new position in iShares iBonds Dec 2030 Term Treasury ETF during the 3rd quarter valued at about $836,000.

About iShares iBonds Dec 2030 Term Treasury ETF

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.