iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Unusually-High Trading Volume Following Dividend Announcement

Shares of iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw strong trading volume on Friday after the company announced a dividend. 498,061 shares were traded during trading, an increase of 104% from the previous session’s volume of 243,878 shares.The stock last traded at $22.3450 and had previously closed at $22.42.

The newly announced dividend which will be paid on Wednesday, December 24th. Investors of record on Friday, December 19th will be issued a dividend of $0.0706 per share. This represents a c) annualized dividend and a yield of 3.8%. This is a boost from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07. The ex-dividend date is Friday, December 19th.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.4%

The company’s 50-day moving average is $22.40 and its two-hundred day moving average is $22.33.

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

Hedge funds have recently added to or reduced their stakes in the company. High Note Wealth LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 3rd quarter valued at about $29,000. Horizons Wealth Management increased its stake in iShares iBonds Dec 2028 Term Treasury ETF by 47.0% in the 2nd quarter. Horizons Wealth Management now owns 1,549 shares of the company’s stock worth $35,000 after purchasing an additional 495 shares during the period. OLD Point Trust & Financial Services N A grew its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 166.7% in the third quarter. OLD Point Trust & Financial Services N A now owns 5,600 shares of the company’s stock worth $125,000 after purchasing an additional 3,500 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the second quarter worth $248,000. Finally, Exchange Capital Management Inc. bought a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the 2nd quarter valued at $250,000.

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.