iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Reaches New 52-Week Low – Time to Sell?

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL)’s stock price hit a new 52-week low on Tuesday. The stock traded as low as $19.42 and last traded at $19.4350, with a volume of 81217 shares traded. The stock had previously closed at $19.47.

iShares iBonds Dec 2031 Term Treasury ETF Price Performance

The firm’s 50 day moving average price is $19.87 and its 200-day moving average price is $20.10.

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 issued a $0.0661 dividend. This is an increase from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0660. This represents a $0.79 annualized dividend and a yield of 4.1%. The ex-dividend date was Tuesday, September 1st.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

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

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.