iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Large Volume Increase – Still a Buy?

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) shares saw an uptick in trading volume on Thursday. Approximately 1,939,543 shares changed hands during mid-day trading, an increase of 746% from the previous session’s volume of 229,392 shares. The stock last traded at $19.5710 and had previously closed at $19.50.

iShares iBonds Dec 2031 Term Treasury ETF Stock Up 0.4%

The stock’s 50 day simple moving average is $19.75 and its two-hundred day simple moving average is $20.03.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.0656 dividend. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0661. This represents a $0.79 dividend on an annualized basis and a yield of 4.0%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IBTL. NewEdge Advisors LLC lifted its holdings in iShares iBonds Dec 2031 Term Treasury ETF by 6.0% during the second quarter. NewEdge Advisors LLC now owns 676,777 shares of the company’s stock valued at $13,664,000 after purchasing an additional 38,213 shares during the last quarter. Confluence Investment Management LLC bought a new position in iShares iBonds Dec 2031 Term Treasury ETF during the third quarter valued at approximately $16,376,000. Heartwood Wealth Advisors LLC bought a new position in shares of iShares iBonds Dec 2031 Term Treasury ETF during the 3rd quarter valued at $9,666,000. Montecito Bank & Trust bought a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF in the 3rd quarter valued at about $784,000. Finally, Parallel Advisors LLC lifted its position in iShares iBonds Dec 2031 Term Treasury ETF by 17.8% in the first quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock valued at $4,094,000 after purchasing an additional 30,319 shares during 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.