iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Stock Price Cross Below Fifty Day Moving Average – Here’s What Happened

Shares of iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $19.61 and traded as low as $19.53. iShares iBonds Dec 2031 Term Treasury ETF shares last traded at $19.53, with a volume of 463,852 shares trading hands.

iShares iBonds Dec 2031 Term Treasury ETF Price Performance

The stock’s 50-day moving average is $19.61 and its 200 day moving average is $20.09.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a dividend of $0.0702 per share. This is a boost from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.0656. This represents a $0.84 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, November 2nd.

Institutional Trading of iShares iBonds Dec 2031 Term Treasury ETF

Several hedge funds have recently bought and sold shares of IBTL. McIlrath & Eck LLC bought a new position in iShares iBonds Dec 2031 Term Treasury ETF in the first quarter valued at approximately $52,000. Bessemer Group Inc. bought a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the third quarter worth $51,000. Harbour Investments Inc. bought a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the third quarter worth $375,000. NewEdge Advisors LLC increased its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 5.0% during the first quarter. NewEdge Advisors LLC now owns 638,564 shares of the company’s stock worth $13,026,000 after acquiring an additional 30,220 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of iShares iBonds Dec 2031 Term Treasury ETF by 17.8% during the first quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock worth $4,094,000 after acquiring an additional 30,319 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.