iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Strong Trading Volume – Here’s Why

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) shares saw strong trading volume on Monday . 2,367,838 shares were traded during trading, an increase of 267% from the previous session’s volume of 645,159 shares.The stock last traded at $22.3550 and had previously closed at $22.36.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

The business has a 50 day simple moving average of $22.37 and a 200 day simple moving average of $22.35.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a dividend of $0.0706 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 3.8%. This is an increase from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IBTI. Horizons Wealth Management raised its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 47.0% during the second quarter. Horizons Wealth Management now owns 1,549 shares of the company’s stock worth $35,000 after acquiring an additional 495 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 12.3% in the 2nd quarter. Parallel Advisors LLC now owns 122,891 shares of the company’s stock valued at $2,748,000 after purchasing an additional 13,466 shares during the last quarter. Lbmc Investment Advisors LLC grew its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 56.2% during the 2nd quarter. Lbmc Investment Advisors LLC now owns 16,480 shares of the company’s stock worth $368,000 after buying an additional 5,929 shares during the period. Rebalance LLC lifted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 163.0% in the second quarter. Rebalance LLC now owns 151,843 shares of the company’s stock valued at $3,395,000 after buying an additional 94,098 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 27.6% in the second quarter. Janney Montgomery Scott LLC now owns 187,490 shares of the company’s stock valued at $4,192,000 after acquiring an additional 40,508 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.