iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Hits New 52-Week Low – What’s Next?

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.28 and last traded at $19.29, with a volume of 11779 shares changing hands. The stock had previously closed at $19.37.

iShares iBonds Dec 2030 Term Treasury ETF Stock Performance

The stock has a 50-day moving average of $19.42 and a 200 day moving average of $19.59.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.0619 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IBTK. Titleist Asset Management LLC grew its holdings in iShares iBonds Dec 2030 Term Treasury ETF by 9.5% during the 4th quarter. Titleist Asset Management LLC now owns 1,158,487 shares of the company’s stock worth $22,990,000 after acquiring an additional 100,157 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 6.6% during the first quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock worth $9,863,000 after purchasing an additional 30,944 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 105.8% during the third quarter. Ameriprise Financial Inc. now owns 239,816 shares of the company’s stock worth $4,749,000 after purchasing an additional 123,261 shares in the last quarter. United Capital Financial Advisors LLC grew its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 65.6% during the third quarter. United Capital Financial Advisors LLC now owns 234,520 shares of the company’s stock valued at $4,661,000 after purchasing an additional 92,887 shares during the last quarter. Finally, Heartland Bank & Trust Co bought a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF during the second quarter valued at approximately $4,286,000.

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.