iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sees Large Volume Increase – Time to Buy?

Shares of iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) saw unusually-high trading volume on Monday . Approximately 565,441 shares traded hands during mid-day trading, an increase of 105% from the previous session’s volume of 275,822 shares.The stock last traded at $21.64 and had previously closed at $21.61.

iShares iBonds Dec 2029 Term Treasury ETF Stock Down 0.4%

The company’s fifty day moving average price is $21.70 and its 200 day moving average price is $21.85.

iShares iBonds Dec 2029 Term Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a $0.0689 dividend. This is an increase from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, June 1st.

Institutional Trading of iShares iBonds Dec 2029 Term Treasury ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBTJ. Baird Financial Group Inc. raised its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 141.8% in the second quarter. Baird Financial Group Inc. now owns 103,277 shares of the company’s stock valued at $2,264,000 after purchasing an additional 60,569 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 9.7% during the second quarter. Ameriprise Financial Inc. now owns 61,747 shares of the company’s stock worth $1,353,000 after buying an additional 5,470 shares during the last quarter. Captrust Financial Advisors increased its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 31.9% during the second quarter. Captrust Financial Advisors now owns 94,055 shares of the company’s stock worth $2,062,000 after buying an additional 22,735 shares during the last quarter. Heartland Bank & Trust Co increased its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 6.8% during the third quarter. Heartland Bank & Trust Co now owns 19,589 shares of the company’s stock worth $430,000 after buying an additional 1,239 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 63.2% during the third quarter. Thoroughbred Financial Services LLC now owns 142,985 shares of the company’s stock worth $3,139,000 after buying an additional 55,366 shares during the last quarter.

About iShares iBonds Dec 2029 Term Treasury ETF

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.