iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sees Unusually-High Trading Volume – Time to Buy?

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) saw strong trading volume on Tuesday. 1,884,290 shares were traded during mid-day trading, an increase of 518% from the previous session’s volume of 304,819 shares. The stock last traded at $21.2150 and had previously closed at $21.20.

iShares iBonds Dec 2029 Term Treasury ETF Price Performance

The business has a 50-day moving average of $21.44 and a 200-day moving average of $21.59.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be issued a $0.0668 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, October 1st. This is a negative change from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.0695.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Basepoint Wealth LLC acquired a new position in iShares iBonds Dec 2029 Term Treasury ETF in the first quarter valued at $44,000. Pinnacle Bancorp Inc. raised its stake in iShares iBonds Dec 2029 Term Treasury ETF by 14.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 5,277 shares of the company’s stock valued at $115,000 after acquiring an additional 683 shares during the last quarter. Koss Olinger Consulting LLC acquired a new stake in iShares iBonds Dec 2029 Term Treasury ETF during the 1st quarter worth approximately $280,000. Midwest Professional Planners LTD. grew its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 87.3% in the 1st quarter. Midwest Professional Planners LTD. now owns 57,797 shares of the company’s stock valued at $1,262,000 after purchasing an additional 26,938 shares during the last quarter. Finally, Reliant Wealth Planning increased its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 8.1% in the first quarter. Reliant Wealth Planning now owns 60,419 shares of the company’s stock valued at $1,320,000 after purchasing an additional 4,544 shares during the period.

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.