iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Reaches New 12-Month Low – Here’s What Happened

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) reached a new 52-week low during trading on Tuesday . The company traded as low as $22.10 and last traded at $22.10, with a volume of 37963 shares traded. The stock had previously closed at $22.13.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.0%

The firm has a fifty day simple moving average of $22.23 and a 200-day simple moving average of $22.32.

iShares iBonds Dec 2028 Term Treasury ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a dividend of $0.068 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a yield of 3.7%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Reliant Wealth Planning lifted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 0.7% during the 1st quarter. Reliant Wealth Planning now owns 92,278 shares of the company’s stock worth $2,056,000 after buying an additional 670 shares in the last quarter. FCA Corp TX lifted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 2.1% in 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. Basepoint Wealth LLC acquired a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 1st quarter valued at $510,000. Parallel Advisors LLC lifted its stake in shares of 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 purchasing an additional 3,391 shares during the period. Finally, Midwest Professional Planners LTD. lifted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 45.1% in the 1st quarter. Midwest Professional Planners LTD. now owns 118,833 shares of the company’s stock valued at $2,648,000 after purchasing an additional 36,944 shares during the period.

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.