iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Sees Strong Trading Volume – Still a Buy?

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) saw unusually-high trading volume on Thursday. 297,464 shares changed hands during trading, an increase of 103% from the previous session’s volume of 146,744 shares. The stock last traded at $21.8950 and had previously closed at $21.80.

iShares iBonds Dec 2032 Term Treasury ETF Trading Up 0.5%

The firm has a 50-day moving average of $22.12 and a 200 day moving average of $22.48.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.07 per share. This is a decrease from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.0759. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Thursday, October 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. McIlrath & Eck LLC acquired a new position in iShares iBonds Dec 2032 Term Treasury ETF in the 1st quarter worth $73,000. Atlantic Private Wealth LLC boosted its position in iShares iBonds Dec 2032 Term Treasury ETF by 6.2% in the 1st quarter. Atlantic Private Wealth LLC now owns 234,626 shares of the company’s stock valued at $5,380,000 after buying an additional 13,686 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in iShares iBonds Dec 2032 Term Treasury ETF by 13.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 551,409 shares of the company’s stock valued at $12,644,000 after buying an additional 65,447 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of iShares iBonds Dec 2032 Term Treasury ETF by 146.6% during the first quarter. Parallel Advisors LLC now owns 162,870 shares of the company’s stock valued at $3,735,000 after acquiring an additional 96,836 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of iShares iBonds Dec 2032 Term Treasury ETF during the third quarter valued at about $15,281,000.

About iShares iBonds Dec 2032 Term Treasury ETF

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.