iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Large Volume Increase – Here’s Why

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) saw an uptick in trading volume on Tuesday . 113,377 shares traded hands during trading, a decline of 38% from the previous session’s volume of 181,711 shares.The stock last traded at $20.03 and had previously closed at $20.00.

iShares iBonds Dec 2031 Term Treasury ETF Stock Up 0.3%

The company has a 50 day simple moving average of $20.10 and a two-hundred day simple moving average of $20.33.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a dividend of $0.0618 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IBTL. NewEdge Advisors LLC grew its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 9,036.6% during the third quarter. NewEdge Advisors LLC now owns 542,072 shares of the company’s stock valued at $11,150,000 after purchasing an additional 536,139 shares in the last quarter. Ameriprise Financial Inc. increased its stake in iShares iBonds Dec 2031 Term Treasury ETF by 40.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 495,443 shares of the company’s stock worth $10,174,000 after acquiring an additional 141,988 shares during the last quarter. United Capital Financial Advisors LLC raised its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 64.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 224,705 shares of the company’s stock worth $4,622,000 after acquiring an additional 88,097 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 67.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock valued at $3,058,000 after acquiring an additional 60,597 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 28.3% in the fourth quarter. Thoroughbred Financial Services LLC now owns 187,518 shares of the company’s stock valued at $3,848,000 after purchasing an additional 41,354 shares in the last quarter.

iShares iBonds Dec 2031 Term Treasury ETF Company Profile

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.