iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Trading 0.2% Higher – Still a Buy?

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK)’s share price were up 0.2% during trading on Tuesday . The stock traded as high as $19.92 and last traded at $19.89. Approximately 165,189 shares traded hands during trading, an increase of 19% from the average daily volume of 138,582 shares. The stock had previously closed at $19.86.

iShares iBonds Dec 2030 Term Treasury ETF Trading Up 0.2%

The company’s 50-day simple moving average is $19.90 and its 200 day simple moving average is $19.76.

iShares iBonds Dec 2030 Term Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were paid a $0.0636 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from iShares iBonds Dec 2030 Term Treasury ETF’s previous monthly dividend of $0.06.

Hedge Funds Weigh In On iShares iBonds Dec 2030 Term Treasury ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crews Bank & Trust lifted its stake in shares of iShares iBonds Dec 2030 Term Treasury ETF by 66.7% in the third quarter. Crews Bank & Trust now owns 2,000 shares of the company’s stock worth $40,000 after buying an additional 800 shares during the last quarter. CNB Bank bought a new position in iShares iBonds Dec 2030 Term Treasury ETF in the 3rd quarter worth $41,000. Bank of Jackson Hole Trust lifted its position in iShares iBonds Dec 2030 Term Treasury ETF by 73.2% during the 1st quarter. Bank of Jackson Hole Trust now owns 3,745 shares of the company’s stock worth $73,000 after acquiring an additional 1,583 shares during the last quarter. Rebalance LLC bought a new stake in iShares iBonds Dec 2030 Term Treasury ETF during the second quarter valued at about $224,000. Finally, Leavell Investment Management Inc. acquired a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the second quarter valued at about $272,000.

iShares iBonds Dec 2030 Term Treasury ETF Company Profile

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.