iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Reaches New 52-Week High – Should You Buy?

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $23.43 and last traded at $23.4250, with a volume of 7802 shares changing hands. The stock had previously closed at $23.35.

iShares iBonds Dec 2032 Term Treasury ETF Stock Performance

The stock’s 50 day moving average price is $23.11 and its two-hundred day moving average price is $23.14.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.0737 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, February 2nd.

Institutional Investors Weigh In On iShares iBonds Dec 2032 Term Treasury ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thoroughbred Financial Services LLC raised its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 58.9% during the third quarter. Thoroughbred Financial Services LLC now owns 98,547 shares of the company’s stock worth $2,279,000 after purchasing an additional 36,512 shares during the last quarter. Boston Family Office LLC increased its position in shares of iShares iBonds Dec 2032 Term Treasury ETF by 6.7% in the second quarter. Boston Family Office LLC now owns 68,497 shares of the company’s stock valued at $1,577,000 after buying an additional 4,304 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of iShares iBonds Dec 2032 Term Treasury ETF by 3.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 485,962 shares of the company’s stock worth $11,214,000 after buying an additional 17,275 shares during the last quarter. Atlantic Private Wealth LLC grew its stake in iShares iBonds Dec 2032 Term Treasury ETF by 10.9% in the 4th quarter. Atlantic Private Wealth LLC now owns 220,940 shares of the company’s stock valued at $5,098,000 after acquiring an additional 21,781 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new position in iShares iBonds Dec 2032 Term Treasury ETF during the 4th quarter valued at about $1,524,000.

iShares iBonds Dec 2032 Term Treasury ETF Company Profile

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.