iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Shares Break Above Fifty Day Moving Average – What’s Next?

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $19.67 and traded as high as $19.73. iShares iBonds Dec 2031 Term Treasury ETF shares last traded at $19.71, with a volume of 472,051 shares traded.

iShares iBonds Dec 2031 Term Treasury ETF Trading Up 0.4%

The business has a 50-day moving average price of $19.66 and a 200-day moving average price of $20.13.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.0656 per share. This represents a $0.79 annualized dividend and a yield of 4.0%. The ex-dividend date was Thursday, October 1st. This is a drop from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0661.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

A number of hedge funds have recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new stake in iShares iBonds Dec 2031 Term Treasury ETF during the 1st quarter valued at $52,000. Montecito Bank & Trust acquired a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the third quarter worth approximately $784,000. Janney Montgomery Scott LLC boosted its holdings in shares of 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 worth $3,058,000 after purchasing an additional 60,597 shares during the period. Parallel Advisors LLC grew its position in iShares iBonds Dec 2031 Term Treasury ETF by 17.8% during 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. Finally, Heartwood Wealth Advisors LLC purchased a new position in iShares iBonds Dec 2031 Term Treasury ETF during the third quarter valued at approximately $9,666,000.

About iShares iBonds Dec 2031 Term Treasury ETF

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.