iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Reaches New 12-Month Low – Should You Sell?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $22.05 and last traded at $22.05, with a volume of 39038 shares. The stock had previously closed at $22.07.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.0%

The business has a fifty day moving average price of $22.13 and a two-hundred day moving average price of $22.26.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.0679 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.7%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IBTI. Baird Financial Group Inc. increased its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 86.8% in the second quarter. Baird Financial Group Inc. now owns 124,018 shares of the company’s stock worth $2,773,000 after buying an additional 57,628 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 70.7% during the third quarter. Ameriprise Financial Inc. now owns 371,121 shares of the company’s stock valued at $8,290,000 after purchasing an additional 153,700 shares during the last quarter. Hughes Financial Services LLC grew its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 4.4% during the third quarter. Hughes Financial Services LLC now owns 99,147 shares of the company’s stock valued at $2,216,000 after purchasing an additional 4,152 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 28.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 437,722 shares of the company’s stock worth $9,798,000 after acquiring an additional 97,565 shares during the period. Finally, United Capital Financial Advisors LLC increased its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 63.9% in the third quarter. United Capital Financial Advisors LLC now owns 797,841 shares of the company’s stock worth $17,860,000 after purchasing an additional 310,968 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.