iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sees Large Volume Increase – Should You Buy?

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) saw unusually-strong trading volume on Tuesday . Approximately 3,105,133 shares were traded during trading, an increase of 1,334% from the previous session’s volume of 216,477 shares.The stock last traded at $21.8950 and had previously closed at $21.91.

iShares iBonds Dec 2029 Term Treasury ETF Stock Performance

The stock’s 50 day simple moving average is $21.98 and its two-hundred day simple moving average is $21.89.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, December 1st were given a $0.0669 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a yield of 3.7%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 21.7% in the second quarter. Janney Montgomery Scott LLC now owns 125,767 shares of the company’s stock worth $2,757,000 after purchasing an additional 22,443 shares during the period. Leavell Investment Management Inc. boosted its stake in iShares iBonds Dec 2029 Term Treasury ETF by 94.2% during the 2nd quarter. Leavell Investment Management Inc. now owns 35,522 shares of the company’s stock valued at $779,000 after purchasing an additional 17,233 shares in the last quarter. Strategic Blueprint LLC increased its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 136.8% during the 2nd quarter. Strategic Blueprint LLC now owns 37,654 shares of the company’s stock valued at $825,000 after purchasing an additional 21,753 shares during the period. Heartland Bank & Trust Co raised its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 3.1% in the 2nd quarter. Heartland Bank & Trust Co now owns 18,350 shares of the company’s stock worth $402,000 after buying an additional 556 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 12.1% in the second quarter. Parallel Advisors LLC now owns 125,708 shares of the company’s stock valued at $2,756,000 after buying an additional 13,557 shares during the period.

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.