iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Hits New 12-Month High – Still a Buy?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) reached a new 52-week high during trading on Friday . The stock traded as high as $22.48 and last traded at $22.4750, with a volume of 33388 shares. The stock had previously closed at $22.44.

iShares iBonds Dec 2028 Term Treasury ETF Stock Up 0.2%

The company has a 50 day simple moving average of $22.37 and a 200-day simple moving average of $22.38.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.069 dividend. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, February 2nd.

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

A number of institutional investors and hedge funds have recently made changes to their positions in IBTI. United Capital Financial Advisors LLC boosted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 63.9% in the third quarter. United Capital Financial Advisors LLC now owns 797,841 shares of the company’s stock worth $17,860,000 after acquiring an additional 310,968 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 34.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 588,449 shares of the company’s stock worth $13,161,000 after purchasing an additional 150,727 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 70.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 371,121 shares of the company’s stock worth $8,290,000 after purchasing an additional 153,700 shares in the last quarter. NewEdge Advisors LLC grew its position in iShares iBonds Dec 2028 Term Treasury ETF by 3.8% in the 4th quarter. NewEdge Advisors LLC now owns 335,732 shares of the company’s stock valued at $7,509,000 after purchasing an additional 12,369 shares during the period. Finally, Titleist Asset Management LLC grew its position in iShares iBonds Dec 2028 Term Treasury ETF by 0.8% in the 4th quarter. Titleist Asset Management LLC now owns 300,987 shares of the company’s stock valued at $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.