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

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $22.04 and last traded at $22.05, with a volume of 250273 shares. The stock had previously closed at $22.07.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.1%

The company’s 50-day simple moving average is $22.12 and its 200 day simple moving average is $22.25.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Several institutional investors have recently bought and sold shares of the company. United Capital Financial Advisors LLC boosted its stake 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 valued at $17,860,000 after acquiring an additional 310,968 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 34.4% during the 4th quarter. Integrated Wealth Concepts LLC now owns 588,449 shares of the company’s stock valued at $13,161,000 after purchasing an additional 150,727 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 70.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 371,121 shares of the company’s stock valued at $8,290,000 after purchasing an additional 153,700 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 3.8% during the 4th quarter. NewEdge Advisors LLC now owns 335,732 shares of the company’s stock valued at $7,509,000 after purchasing an additional 12,369 shares during the last quarter. Finally, Titleist Asset Management LLC boosted its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 0.8% in the 4th quarter. Titleist Asset Management LLC now owns 300,987 shares of the company’s stock worth $6,732,000 after purchasing an additional 2,282 shares in 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.