iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sets New 1-Year Low – Should You Sell?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI)’s stock price reached a new 52-week low during trading on Thursday. The company traded as low as $21.83 and last traded at $21.8350, with a volume of 700 shares traded. The stock had previously closed at $21.91.

iShares iBonds Dec 2028 Term Treasury ETF Stock Down 0.3%

The firm has a 50 day moving average price of $22.03 and a two-hundred day moving average price of $22.12.

iShares iBonds Dec 2028 Term Treasury ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a $0.0701 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.84 dividend on an annualized basis and a yield of 3.9%.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

A number of institutional investors and hedge funds have recently modified their holdings of IBTI. Ascentis Independent Advisors bought a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the 1st quarter worth approximately $33,000. Towne Trust Company N.A raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 9.7% during the first quarter. Towne Trust Company N.A now owns 12,400 shares of the company’s stock worth $276,000 after acquiring an additional 1,100 shares in the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 4.3% in the first quarter. Pinnacle Bancorp Inc. now owns 16,163 shares of the company’s stock valued at $360,000 after buying an additional 671 shares in the last quarter. Basepoint Wealth LLC acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the first quarter worth approximately $510,000. Finally, Reliant Wealth Planning grew its stake in iShares iBonds Dec 2028 Term Treasury ETF by 0.7% during the first quarter. Reliant Wealth Planning now owns 92,278 shares of the company’s stock worth $2,056,000 after buying an additional 670 shares in the last quarter.

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.