iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Strong Trading Volume – Time to Buy?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) shares saw strong trading volume on Thursday. Approximately 738,391 shares changed hands during mid-day trading, an increase of 59% from the previous session’s volume of 465,741 shares. The stock last traded at $21.9650 and had previously closed at $21.92.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

The business’s 50 day moving average is $21.97 and its 200 day moving average is $22.08.

iShares iBonds Dec 2028 Term Treasury ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a dividend of $0.0701 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Several large investors have recently added to or reduced their stakes in the business. Rebalance LLC acquired a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 3rd quarter worth about $10,687,000. Janney Montgomery Scott LLC boosted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 19.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 287,213 shares of the company’s stock valued at $6,400,000 after purchasing an additional 46,768 shares during the period. FCA Corp TX boosted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 2.1% during the 1st quarter. FCA Corp TX now owns 224,296 shares of the company’s stock valued at $4,998,000 after purchasing an additional 4,536 shares during the period. Collaborative Fund Advisors LLC acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the 1st quarter valued at approximately $3,209,000. Finally, Parallel Advisors LLC grew its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 2.4% in the 1st quarter. Parallel Advisors LLC now owns 142,903 shares of the company’s stock valued at $3,184,000 after buying an additional 3,391 shares during the last quarter.

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.