iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Strong Trading Volume – Should You Buy?

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) shares saw strong trading volume on Thursday. 1,939,543 shares were traded during trading, an increase of 746% from the previous session’s volume of 229,392 shares. The stock last traded at $19.5710 and had previously closed at $19.50.

iShares iBonds Dec 2031 Term Treasury ETF Stock Up 0.1%

The stock has a 50 day moving average price of $19.73 and a 200 day moving average price of $20.02.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.0656 per share. The ex-dividend date was Thursday, October 1st. This represents a $0.79 dividend on an annualized basis and a yield of 4.0%. This is a decrease from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0661.

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

Several large investors have recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the first quarter valued at about $52,000. Montecito Bank & Trust increased its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 14.0% in the first quarter. Montecito Bank & Trust now owns 29,601 shares of the company’s stock valued at $604,000 after buying an additional 3,631 shares during the period. Janney Montgomery Scott LLC raised its holdings in iShares iBonds Dec 2031 Term Treasury ETF by 67.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock valued at $3,058,000 after buying an additional 60,597 shares during the last quarter. Parallel Advisors LLC raised its holdings in iShares iBonds Dec 2031 Term Treasury ETF by 17.8% in the 1st 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 during the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new position in iShares iBonds Dec 2031 Term Treasury ETF in the 3rd quarter valued at 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.