iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Stock Cross Above Fifty Day Moving Average – Should You Sell?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI – Get Free Report) shares passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $21.95 and traded as high as $21.97. iShares iBonds Dec 2028 Term Treasury ETF shares last traded at $21.97, with a volume of 725,831 shares.

iShares iBonds Dec 2028 Term Treasury ETF Trading Up 0.1%

The company has a 50-day simple moving average of $21.95 and a two-hundred day simple moving average of $22.14.

iShares iBonds Dec 2028 Term Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be paid a $0.0709 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, November 2nd. This is a boost from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.0689.

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

Several hedge funds have recently made changes to their positions in IBTI. Parallel Advisors LLC purchased a new position in iShares iBonds Dec 2028 Term Treasury ETF during the third quarter valued at $12,765,000. Hughes Financial Services LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 3rd quarter valued at $2,467,000. Peck Wealth Management LLC purchased a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 3rd quarter worth about $1,531,000. Mascoma Wealth Management LLC purchased a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 3rd quarter worth about $43,000. Finally, Rebalance LLC purchased a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 3rd quarter worth about $10,687,000.

About iShares iBonds Dec 2028 Term Treasury ETF

(Get Free Report)

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.

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