iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Stock Price Cross Above 50-Day Moving Average – What’s Next?

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) shares crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $22.02 and traded as high as $22.10. iShares iBonds Dec 2032 Term Treasury ETF shares last traded at $22.08, with a volume of 359,806 shares changing hands.

iShares iBonds Dec 2032 Term Treasury ETF Price Performance

The business’s 50-day simple moving average is $22.01 and its two-hundred day simple moving average is $22.60.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a decrease from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.0759. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.8%.

Institutional Trading of iShares iBonds Dec 2032 Term Treasury ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IBTM. McIlrath & Eck LLC acquired a new position in shares of iShares iBonds Dec 2032 Term Treasury ETF during the first quarter valued at about $73,000. Parallel Advisors LLC increased its position in shares of iShares iBonds Dec 2032 Term Treasury ETF by 146.6% during the 1st quarter. Parallel Advisors LLC now owns 162,870 shares of the company’s stock valued at $3,735,000 after purchasing an additional 96,836 shares during the last quarter. Atlantic Private Wealth LLC lifted its position in shares of iShares iBonds Dec 2032 Term Treasury ETF by 6.2% during the 1st quarter. Atlantic Private Wealth LLC now owns 234,626 shares of the company’s stock valued at $5,380,000 after buying an additional 13,686 shares during the last quarter. Finally, Confluence Investment Management LLC bought a new stake in shares of iShares iBonds Dec 2032 Term Treasury ETF in the third quarter valued at approximately $15,281,000.

iShares iBonds Dec 2032 Term Treasury ETF Company Profile

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.