245,953 Shares of iShares iBonds Dec 2029 Term Treasury ETF $IBTJ Purchased by Montecito Bank & Trust

Montecito Bank & Trust purchased a new stake in iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 245,953 shares of the company’s stock, valued at approximately $5,429,000. Montecito Bank & Trust owned about 0.37% of iShares iBonds Dec 2029 Term Treasury ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IBTJ. Janney Montgomery Scott LLC grew its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 59.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 254,141 shares of the company’s stock valued at $5,551,000 after buying an additional 94,538 shares during the last quarter. Hughes Financial Services LLC purchased a new position in iShares iBonds Dec 2029 Term Treasury ETF during the fourth quarter worth $2,152,000. NewEdge Advisors LLC raised its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 6.5% in the first quarter. NewEdge Advisors LLC now owns 454,037 shares of the company’s stock worth $9,918,000 after acquiring an additional 27,825 shares during the last quarter. Confluence Investment Management LLC acquired a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF in the third quarter worth $11,674,000. Finally, Midwest Professional Planners LTD. raised its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 87.3% in the first quarter. Midwest Professional Planners LTD. now owns 57,797 shares of the company’s stock worth $1,262,000 after acquiring an additional 26,938 shares during the last quarter.

iShares iBonds Dec 2029 Term Treasury ETF Stock Down 0.1%

Shares of NASDAQ:IBTJ traded down $0.02 on Thursday, hitting $21.21. The company had a trading volume of 320,783 shares, compared to its average volume of 293,622. iShares iBonds Dec 2029 Term Treasury ETF has a 52-week low of $21.16 and a 52-week high of $22.13. The business has a 50 day moving average of $21.45 and a 200 day moving average of $21.61.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be paid a $0.0668 dividend. This represents a $0.80 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, October 1st. This is a negative change from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.0695.

About iShares iBonds Dec 2029 Term Treasury ETF

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.