iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) Sees Strong Trading Volume After Dividend Announcement

Shares of iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) saw unusually-high trading volume on Monday after the company announced a dividend. Approximately 684,237 shares changed hands during trading, an increase of 150% from the previous session’s volume of 273,976 shares.The stock last traded at $22.43 and had previously closed at $22.43.

The newly announced dividend which will be paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.0759 per share. The ex-dividend date is Tuesday, April 1st. This is a positive change from iShares iBonds Dec 2027 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a $0.91 dividend on an annualized basis and a yield of 4.07%.

iShares iBonds Dec 2027 Term Treasury ETF Stock Performance

The business has a 50-day moving average price of $22.30 and a 200-day moving average price of $22.30.

Institutional Trading of iShares iBonds Dec 2027 Term Treasury ETF

Hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its holdings in shares of iShares iBonds Dec 2027 Term Treasury ETF by 59.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 811,921 shares of the company’s stock valued at $18,378,000 after purchasing an additional 303,365 shares in the last quarter. Eldridge Investment Advisors Inc. purchased a new position in iShares iBonds Dec 2027 Term Treasury ETF during the fourth quarter valued at approximately $255,000. AllSquare Wealth Management LLC raised its stake in iShares iBonds Dec 2027 Term Treasury ETF by 9.9% in the fourth quarter. AllSquare Wealth Management LLC now owns 30,651 shares of the company’s stock worth $680,000 after buying an additional 2,773 shares in the last quarter. Barrett & Company Inc. lifted its holdings in iShares iBonds Dec 2027 Term Treasury ETF by 33.0% during the fourth quarter. Barrett & Company Inc. now owns 29,013 shares of the company’s stock worth $644,000 after buying an additional 7,200 shares during the period. Finally, Confluence Investment Management LLC boosted its position in iShares iBonds Dec 2027 Term Treasury ETF by 4.6% during the 4th quarter. Confluence Investment Management LLC now owns 1,417,941 shares of the company’s stock valued at $31,474,000 after acquiring an additional 61,970 shares in the last quarter.

About iShares iBonds Dec 2027 Term Treasury ETF

The iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is an exchange-traded fund that is based on the ICE 2027 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2027. The fund will terminate in December 2027. IBTH was launched on Feb 25, 2020 and is managed by BlackRock.