iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Large Volume Increase After Dividend Announcement

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw unusually-high trading volume on Friday following a dividend announcement from the company. Approximately 498,061 shares traded hands during trading, an increase of 104% from the previous session’s volume of 243,878 shares.The stock last traded at $22.3450 and had previously closed at $22.42.

The newly announced dividend which will be paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th will be issued a dividend of $0.0706 per share. The ex-dividend date of this dividend is Friday, December 19th. This is a positive change from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 3.8%.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.3%

The company has a fifty day moving average price of $22.40 and a 200 day moving average price of $22.33.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBTI. High Note Wealth LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 3rd quarter worth $29,000. Horizons Wealth Management raised its position in iShares iBonds Dec 2028 Term Treasury ETF by 47.0% during the second quarter. Horizons Wealth Management now owns 1,549 shares of the company’s stock valued at $35,000 after purchasing an additional 495 shares in the last quarter. OLD Point Trust & Financial Services N A lifted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 166.7% during the third quarter. OLD Point Trust & Financial Services N A now owns 5,600 shares of the company’s stock worth $125,000 after purchasing an additional 3,500 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the second quarter worth about $248,000. Finally, Exchange Capital Management Inc. purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 2nd quarter worth about $250,000.

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.