iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Strong Trading Volume After Dividend Announcement

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw unusually-strong trading volume on Monday after the company announced a dividend. Approximately 710,439 shares changed hands during mid-day trading, an increase of 121% from the previous session’s volume of 322,083 shares.The stock last traded at $21.92 and had previously closed at $21.99.

The newly announced dividend which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.0752 per share. The ex-dividend date is Monday, February 3rd. This is an increase from iShares iBonds Dec 2028 Term Treasury ETF’s previous dividend of $0.07.

iShares iBonds Dec 2028 Term Treasury ETF Stock Performance

The business has a 50 day moving average of $21.92 and a 200-day moving average of $22.13.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. acquired a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 3rd quarter worth $225,000. Heartland Bank & Trust Co acquired a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the third quarter valued at $269,000. Strategic Blueprint LLC grew its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 67.6% in the 3rd quarter. Strategic Blueprint LLC now owns 39,507 shares of the company’s stock worth $889,000 after purchasing an additional 15,929 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 1.7% in the third quarter. Janney Montgomery Scott LLC now owns 93,590 shares of the company’s stock worth $2,106,000 after acquiring an additional 1,609 shares in the last quarter. Finally, Cary Street Partners Asset Management LLC purchased a new position in iShares iBonds Dec 2028 Term Treasury ETF during the third quarter valued at approximately $294,000.

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.