iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Strong Trading Volume – Here’s Why

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) shares saw unusually-high trading volume on Tuesday. 820,792 shares changed hands during mid-day trading, an increase of 231% from the average daily volume of 247,692 shares. The stock last traded at $19.6850 and had previously closed at $19.73.

iShares iBonds Dec 2031 Term Treasury ETF Price Performance

The company’s fifty day moving average is $19.66 and its 200 day moving average is $20.12.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be issued a $0.0702 dividend. This is an increase from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0656. This represents a $0.84 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, November 2nd.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Treasury ETF

Several large investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC bought a new position in shares of iShares iBonds Dec 2031 Term Treasury ETF during the first quarter valued at approximately $52,000. Montecito Bank & Trust acquired a new position in iShares iBonds Dec 2031 Term Treasury ETF during the 3rd quarter valued at about $784,000. Janney Montgomery Scott LLC raised its holdings in 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 in the last quarter. Parallel Advisors LLC boosted its stake 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 buying an additional 30,319 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new position in shares of iShares iBonds Dec 2031 Term Treasury ETF in the 3rd quarter worth 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.