iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sets New 12-Month Low – Should You Sell?

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $21.55 and last traded at $21.56, with a volume of 60478 shares. The stock had previously closed at $21.60.

iShares iBonds Dec 2029 Term Treasury ETF Stock Performance

The company’s fifty day moving average price is $21.73 and its two-hundred day moving average price is $21.87.

iShares iBonds Dec 2029 Term Treasury ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.0689 dividend. This is a positive change from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Treasury ETF

Hedge funds have recently added to or reduced their stakes in the stock. Basepoint Wealth LLC bought a new stake in iShares iBonds Dec 2029 Term Treasury ETF during the 1st quarter worth about $44,000. Kohmann Bosshard Financial Services LLC bought a new stake in iShares iBonds Dec 2029 Term Treasury ETF during the 4th quarter worth about $48,000. High Note Wealth LLC acquired a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF in the fourth quarter valued at approximately $61,000. Pinnacle Bancorp Inc. increased its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 14.9% in the first quarter. Pinnacle Bancorp Inc. now owns 5,277 shares of the company’s stock valued at $115,000 after purchasing an additional 683 shares in the last quarter. Finally, Towne Trust Company N.A increased its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 1,105.1% in the fourth quarter. Towne Trust Company N.A now owns 8,436 shares of the company’s stock valued at $185,000 after purchasing an additional 7,736 shares in the last quarter.

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.