iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Sees Large Volume Increase – Here’s Why

Shares of iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) saw strong trading volume on Thursday . 991,224 shares traded hands during mid-day trading, an increase of 530% from the previous session’s volume of 157,386 shares.The stock last traded at $19.9250 and had previously closed at $19.89.

iShares iBonds Dec 2030 Term Treasury ETF Trading Up 0.2%

The stock has a fifty day simple moving average of $19.91 and a two-hundred day simple moving average of $19.81.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were issued a dividend of $0.0607 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, December 1st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Crews Bank & Trust grew its position in iShares iBonds Dec 2030 Term Treasury ETF by 66.7% during the third quarter. Crews Bank & Trust now owns 2,000 shares of the company’s stock worth $40,000 after buying an additional 800 shares in the last quarter. CNB Bank purchased a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF during the third quarter worth about $41,000. Rebalance LLC bought a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF in the second quarter worth approximately $224,000. Leavell Investment Management Inc. bought a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF in the second quarter worth approximately $272,000. Finally, Reliant Wealth Planning raised its stake in iShares iBonds Dec 2030 Term Treasury ETF by 5.2% in the third quarter. Reliant Wealth Planning now owns 18,538 shares of the company’s stock valued at $368,000 after purchasing an additional 909 shares in the last quarter.

iShares iBonds Dec 2030 Term Treasury ETF Company Profile

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.