iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Strong Trading Volume – Still a Buy?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw an uptick in trading volume on Thursday. Approximately 738,391 shares traded hands during trading, an increase of 59% from the previous session’s volume of 465,741 shares. The stock last traded at $21.9650 and had previously closed at $21.92.

iShares iBonds Dec 2028 Term Treasury ETF Stock Performance

The firm’s 50 day moving average is $21.97 and its 200 day moving average is $22.08.

iShares iBonds Dec 2028 Term Treasury ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.0701 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Tuesday, September 1st.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 19.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 287,213 shares of the company’s stock worth $6,400,000 after purchasing an additional 46,768 shares in the last quarter. Oak Family Advisors LLC bought a new position in iShares iBonds Dec 2028 Term Treasury ETF during the 1st quarter valued at approximately $6,107,000. FCA Corp TX raised its stake in iShares iBonds Dec 2028 Term Treasury ETF by 2.1% during the first quarter. FCA Corp TX now owns 224,296 shares of the company’s stock valued at $4,998,000 after buying an additional 4,536 shares during the last quarter. Collaborative Fund Advisors LLC purchased a new position in iShares iBonds Dec 2028 Term Treasury ETF during the first quarter valued at $3,209,000. Finally, Parallel Advisors LLC raised its stake in iShares iBonds Dec 2028 Term Treasury ETF by 2.4% during the first quarter. Parallel Advisors LLC now owns 142,903 shares of the company’s stock valued at $3,184,000 after buying an additional 3,391 shares during the last quarter.

About iShares iBonds Dec 2028 Term Treasury ETF

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.