iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Reaches New 1-Year Low – Here’s Why

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) reached a new 52-week low during trading on Thursday . The company traded as low as $21.97 and last traded at $21.9750, with a volume of 29326 shares trading hands. The stock had previously closed at $22.02.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.0%

The company’s fifty day moving average price is $22.07 and its two-hundred day moving average price is $22.16.

iShares iBonds Dec 2028 Term Treasury ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a $0.0701 dividend. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

A number of institutional investors have recently added to or reduced their stakes in IBTI. Baird Financial Group Inc. raised its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 86.8% in the 2nd quarter. Baird Financial Group Inc. now owns 124,018 shares of the company’s stock worth $2,773,000 after purchasing an additional 57,628 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 70.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 371,121 shares of the company’s stock worth $8,290,000 after purchasing an additional 153,700 shares during the period. United Capital Financial Advisors LLC grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 63.9% during the 3rd quarter. United Capital Financial Advisors LLC now owns 797,841 shares of the company’s stock worth $17,860,000 after purchasing an additional 310,968 shares during the period. High Note Wealth LLC increased its position in iShares iBonds Dec 2028 Term Treasury ETF by 820.0% during the 4th quarter. High Note Wealth LLC now owns 12,061 shares of the company’s stock worth $270,000 after purchasing an additional 10,750 shares in the last quarter. Finally, Portland Global Advisors LLC acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter worth approximately $3,154,000.

iShares iBonds Dec 2028 Term Treasury ETF Company Profile

The iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is an exchange-traded fund that is based on the ICE 2028 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2028. The fund will terminate in December 2028. IBTI was launched on Feb 25, 2020 and is managed by BlackRock.