iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) saw an uptick in trading volume on Wednesday. 1,108,174 shares traded hands during trading, an increase of 286% from the previous session’s volume of 287,410 shares. The stock last traded at $18.9850 and had previously closed at $18.98.

iShares iBonds Dec 2030 Term Treasury ETF Price Performance

The firm has a 50-day moving average price of $19.25 and a 200 day moving average price of $19.45.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.0591 dividend. This is a drop from iShares iBonds Dec 2030 Term Treasury ETF’s previous monthly dividend of $0.0619. The ex-dividend date was Thursday, October 1st. This represents a $0.71 annualized dividend and a yield of 3.7%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Midwest Professional Planners LTD. increased its holdings in iShares iBonds Dec 2030 Term Treasury ETF by 6.3% in the 1st quarter. Midwest Professional Planners LTD. now owns 10,900 shares of the company’s stock valued at $215,000 after buying an additional 642 shares during the period. Reliant Wealth Planning increased its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 12.8% in the first quarter. Reliant Wealth Planning now owns 41,998 shares of the company’s stock valued at $828,000 after buying an additional 4,779 shares during the period. Heartland Bank & Trust Co increased its position in iShares iBonds Dec 2030 Term Treasury ETF by 27.7% in the 1st quarter. Heartland Bank & Trust Co now owns 22,603 shares of the company’s stock valued at $446,000 after acquiring an additional 4,897 shares during the period. Boston Family Office LLC raised its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 14.8% during the fourth quarter. Boston Family Office LLC now owns 115,375 shares of the company’s stock valued at $2,290,000 after acquiring an additional 14,865 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of iShares iBonds Dec 2030 Term Treasury ETF by 9.4% during the first quarter. Parallel Advisors LLC now owns 181,965 shares of the company’s stock worth $3,588,000 after purchasing an additional 15,559 shares during the period.

About iShares iBonds Dec 2030 Term Treasury ETF

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.