iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) Trading Up 0.2% – Here’s Why

iShares iBonds Dec 2034 Term Treasury ETF (NASDAQ:IBTP) shares rose 0.2% during trading on Wednesday . The company traded as high as $26.04 and last traded at $26.03. Approximately 83,088 shares were traded during trading, an increase of 66% from the average daily volume of 50,081 shares. The stock had previously closed at $25.98.

iShares iBonds Dec 2034 Term Treasury ETF Price Performance

The company has a fifty day simple moving average of $26.02 and a two-hundred day simple moving average of $25.71.

iShares iBonds Dec 2034 Term Treasury ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.0901 per share. This is an increase from iShares iBonds Dec 2034 Term Treasury ETF’s previous monthly dividend of $0.08. The ex-dividend date is Monday, December 1st. This represents a c) annualized dividend and a yield of 4.2%.

Institutional Trading of iShares iBonds Dec 2034 Term Treasury ETF

Several large investors have recently modified their holdings of IBTP. Atlantic Union Bankshares Corp lifted its stake in iShares iBonds Dec 2034 Term Treasury ETF by 8.7% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 789,078 shares of the company’s stock valued at $20,283,000 after buying an additional 63,360 shares in the last quarter. Atlantic Private Wealth LLC acquired a new position in shares of iShares iBonds Dec 2034 Term Treasury ETF in the first quarter worth $1,995,000. United Capital Financial Advisors LLC raised its holdings in shares of iShares iBonds Dec 2034 Term Treasury ETF by 43.6% in the third quarter. United Capital Financial Advisors LLC now owns 60,275 shares of the company’s stock worth $1,562,000 after acquiring an additional 18,300 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of iShares iBonds Dec 2034 Term Treasury ETF in the third quarter valued at $389,000. Finally, Thoroughbred Financial Services LLC acquired a new stake in shares of iShares iBonds Dec 2034 Term Treasury ETF during the third quarter valued at $233,000.

About iShares iBonds Dec 2034 Term Treasury ETF

The iShares iBonds Dec 2034 Term Treasury ETF (IBTP) is an exchange-traded fund that is based on the ICE 2034 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2034. The fund will terminate in December 2034. IBTP was launched on Jun 11, 2024 and is issued by BlackRock.