iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Reaches New 52-Week Low – Should You Sell?

Shares of iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) reached a new 52-week low during trading on Tuesday . The stock traded as low as $19.38 and last traded at $19.40, with a volume of 282419 shares changing hands. The stock had previously closed at $19.43.

iShares iBonds Dec 2030 Term Treasury ETF Stock Performance

The stock’s 50 day moving average is $19.51 and its two-hundred day moving average is $19.70.

iShares iBonds Dec 2030 Term Treasury ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.0605 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Investors Weigh In On iShares iBonds Dec 2030 Term Treasury ETF

Several hedge funds have recently made changes to their positions in IBTK. Titleist Asset Management LLC grew its holdings in shares of iShares iBonds Dec 2030 Term Treasury ETF by 9.5% during the fourth quarter. Titleist Asset Management LLC now owns 1,158,487 shares of the company’s stock worth $22,990,000 after buying an additional 100,157 shares during the last quarter. NewEdge Advisors LLC raised its stake in iShares iBonds Dec 2030 Term Treasury ETF by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock valued at $9,863,000 after acquiring an additional 30,944 shares during the last quarter. Rebalance LLC lifted its position in iShares iBonds Dec 2030 Term Treasury ETF by 2,181.9% during the 4th quarter. Rebalance LLC now owns 259,748 shares of the company’s stock worth $5,155,000 after acquiring an additional 248,365 shares during the period. Ameriprise Financial Inc. lifted its position in iShares iBonds Dec 2030 Term Treasury ETF by 105.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 239,816 shares of the company’s stock worth $4,749,000 after acquiring an additional 123,261 shares during the period. Finally, United Capital Financial Advisors LLC lifted its position in iShares iBonds Dec 2030 Term Treasury ETF by 65.6% during the 3rd quarter. United Capital Financial Advisors LLC now owns 234,520 shares of the company’s stock worth $4,661,000 after acquiring an additional 92,887 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.