iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Hits New 52-Week Low – Here’s Why

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK)’s share price hit a new 52-week low on Monday . The stock traded as low as $19.07 and last traded at $19.1010, with a volume of 292161 shares trading hands. The stock had previously closed at $19.07.

iShares iBonds Dec 2030 Term Treasury ETF Price Performance

The stock’s 50 day moving average is $19.35 and its two-hundred day moving average is $19.52.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.0619 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Investors Weigh In On iShares iBonds Dec 2030 Term Treasury ETF

Several large investors have recently modified their holdings of IBTK. Heartland Bank & Trust Co acquired a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF in the 2nd quarter worth approximately $4,286,000. Hughes Financial Services LLC acquired a new stake in iShares iBonds Dec 2030 Term Treasury ETF in the 4th quarter valued at $2,150,000. Janney Montgomery Scott LLC boosted its stake in iShares iBonds Dec 2030 Term Treasury ETF by 62.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 188,443 shares of the company’s stock valued at $3,716,000 after buying an additional 72,374 shares in the last quarter. NewEdge Advisors LLC grew its position in iShares iBonds Dec 2030 Term Treasury ETF by 6.6% in the first quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock valued at $9,863,000 after acquiring an additional 30,944 shares during the period. Finally, Parallel Advisors LLC grew its position in iShares iBonds Dec 2030 Term Treasury ETF by 9.4% in the first quarter. Parallel Advisors LLC now owns 181,965 shares of the company’s stock valued at $3,588,000 after acquiring an additional 15,559 shares during the period.

iShares iBonds Dec 2030 Term Treasury ETF Company Profile

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.