iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Reaches New 52-Week Low – Time to Sell?

Shares of iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) hit a new 52-week low during trading on Friday . The company traded as low as $22.07 and last traded at $22.07, with a volume of 118573 shares trading hands. The stock had previously closed at $22.11.

iShares iBonds Dec 2028 Term Treasury ETF Stock Down 0.2%

The stock has a 50 day simple moving average of $22.20 and a 200 day simple moving average of $22.31.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.0703 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

A number of hedge funds have recently made changes to their positions in the business. United Capital Financial Advisors LLC raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 63.9% during the third quarter. United Capital Financial Advisors LLC now owns 797,841 shares of the company’s stock worth $17,860,000 after purchasing an additional 310,968 shares in the last quarter. Oak Family Advisors LLC bought a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the first quarter worth approximately $6,107,000. Ameriprise Financial Inc. raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 70.7% during the third 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. Integrated Wealth Concepts LLC raised its holdings in 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 in the last quarter. Finally, Collaborative Fund Advisors LLC bought a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the first quarter worth approximately $3,209,000.

About iShares iBonds Dec 2028 Term Treasury ETF

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.