iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sets New 52-Week Low – Time to Sell?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) shares hit a new 52-week low during trading on Monday . The company traded as low as $22.03 and last traded at $22.03, with a volume of 11257 shares traded. The stock had previously closed at $22.09.

iShares iBonds Dec 2028 Term Treasury ETF Stock Down 0.2%

The company has a 50-day simple moving average of $22.10 and a two-hundred day simple moving average of $22.23.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.0679 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 3.7%.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

A number of large investors have recently modified their holdings of the company. Baird Financial Group Inc. increased its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 86.8% in the second quarter. Baird Financial Group Inc. now owns 124,018 shares of the company’s stock valued at $2,773,000 after purchasing an additional 57,628 shares during the period. Ameriprise Financial Inc. lifted its position in iShares iBonds Dec 2028 Term Treasury ETF by 70.7% in the third quarter. Ameriprise Financial Inc. now owns 371,121 shares of the company’s stock worth $8,290,000 after purchasing an additional 153,700 shares during the period. United Capital Financial Advisors LLC lifted its position in iShares iBonds Dec 2028 Term Treasury ETF by 63.9% in the third quarter. United Capital Financial Advisors LLC now owns 797,841 shares of the company’s stock worth $17,860,000 after purchasing an additional 310,968 shares during the period. Prime Capital Investment Advisors LLC boosted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 26.8% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 15,971 shares of the company’s stock valued at $357,000 after purchasing an additional 3,372 shares in the last quarter. Finally, Towne Trust Company N.A boosted its stake in iShares iBonds Dec 2028 Term Treasury ETF by 101.8% during the 4th quarter. Towne Trust Company N.A now owns 11,300 shares of the company’s stock valued at $253,000 after purchasing an additional 5,700 shares in the last quarter.

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.