iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Large Volume Increase – Still a Buy?

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) shares saw unusually-strong trading volume on Friday. Approximately 912,376 shares changed hands during mid-day trading, an increase of 343% from the previous session’s volume of 205,805 shares. The stock last traded at $19.4950 and had previously closed at $19.47.

iShares iBonds Dec 2031 Term Treasury ETF Trading Up 0.1%

The firm’s 50-day moving average is $19.90 and its two-hundred day moving average is $20.12.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.0661 dividend. This represents a $0.79 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a boost from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0660.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Treasury ETF

A number of large investors have recently bought and sold shares of IBTL. NewEdge Advisors LLC grew its stake in iShares iBonds Dec 2031 Term Treasury ETF by 6.0% in the 2nd quarter. NewEdge Advisors LLC now owns 676,777 shares of the company’s stock valued at $13,664,000 after buying an additional 38,213 shares during the last quarter. Parallel Advisors LLC lifted its position in iShares iBonds Dec 2031 Term Treasury ETF by 17.8% during the 1st quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock worth $4,094,000 after acquiring an additional 30,319 shares during the last quarter. McIlrath & Eck LLC bought a new stake in iShares iBonds Dec 2031 Term Treasury ETF during the first quarter valued at about $52,000. Janney Montgomery Scott LLC boosted its holdings in iShares iBonds Dec 2031 Term Treasury ETF by 67.8% during the first quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock valued at $3,058,000 after acquiring an additional 60,597 shares during the period. Finally, Montecito Bank & Trust grew its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 14.0% in the first quarter. Montecito Bank & Trust now owns 29,601 shares of the company’s stock valued at $604,000 after purchasing an additional 3,631 shares during the last quarter.

iShares iBonds Dec 2031 Term Treasury ETF Company Profile

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.