iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sets New 1-Year Low – Should You Sell?

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $18.00 and last traded at $21.79, with a volume of 437 shares. The stock had previously closed at $21.79.

iShares iBonds Dec 2029 Term Treasury ETF Stock Performance

The business’s 50 day simple moving average is $21.66 and its 200 day simple moving average is $21.53.

iShares iBonds Dec 2029 Term Treasury ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were paid a $0.0719 dividend. This is a positive change from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.86 annualized dividend and a yield of 3.97%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. grew its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 26.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,514 shares of the company’s stock worth $534,000 after purchasing an additional 5,161 shares during the last quarter. Heartland Bank & Trust Co acquired a new position in iShares iBonds Dec 2029 Term Treasury ETF in the first quarter valued at about $387,000. RFP Financial Group LLC bought a new stake in iShares iBonds Dec 2029 Term Treasury ETF during the first quarter worth about $1,259,000. Montecito Bank & Trust increased its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 244.3% during the first quarter. Montecito Bank & Trust now owns 35,894 shares of the company’s stock worth $781,000 after buying an additional 25,470 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 19.7% in the first quarter. Janney Montgomery Scott LLC now owns 103,324 shares of the company’s stock valued at $2,249,000 after acquiring an additional 17,034 shares during the last quarter.

About iShares iBonds Dec 2029 Term Treasury ETF

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.