iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) saw unusually-strong trading volume on Thursday. 625,198 shares changed hands during mid-day trading, an increase of 157% from the previous session’s volume of 243,596 shares. The stock last traded at $19.6550 and had previously closed at $19.56.

iShares iBonds Dec 2031 Term Treasury ETF Price Performance

The business’s 50-day moving average price is $19.70 and its 200 day moving average price is $20.00.

iShares iBonds Dec 2031 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.0656 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 4.0%. This is a drop from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0661. The ex-dividend date of this dividend was Thursday, October 1st.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

Several large investors have recently bought and sold shares of IBTL. Confluence Investment Management LLC bought a new stake in iShares iBonds Dec 2031 Term Treasury ETF during the 3rd quarter valued at about $16,376,000. Heartwood Wealth Advisors LLC bought a new position in shares of iShares iBonds Dec 2031 Term Treasury ETF in the third quarter worth approximately $9,666,000. Janney Montgomery Scott LLC lifted its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 67.8% in the first quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock worth $3,058,000 after buying an additional 60,597 shares in the last quarter. Montecito Bank & Trust bought a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the third quarter valued at approximately $784,000. Finally, NewEdge Advisors LLC increased its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 6.0% during the second quarter. NewEdge Advisors LLC now owns 676,777 shares of the company’s stock valued at $13,664,000 after acquiring an additional 38,213 shares in the last quarter.

About iShares iBonds Dec 2031 Term Treasury ETF

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.