iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sees Large Volume Increase After Dividend Announcement

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) shares saw an uptick in trading volume on Friday after the company announced a dividend. 499,724 shares traded hands during trading, an increase of 126% from the previous session’s volume of 220,660 shares.The stock last traded at $21.9350 and had previously closed at $22.00.

The newly announced dividend which will be paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th will be given a $0.0634 dividend. The ex-dividend date of this dividend is Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 3.5%.

iShares iBonds Dec 2029 Term Treasury ETF Trading Down 0.4%

The business has a fifty day simple moving average of $21.98 and a 200 day simple moving average of $21.90.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Treasury ETF

Several large investors have recently made changes to their positions in IBTJ. Pinnacle Bancorp Inc. purchased a new stake in iShares iBonds Dec 2029 Term Treasury ETF in the 3rd quarter worth about $101,000. Opus Capital Group LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF in the third quarter worth approximately $274,000. Crews Bank & Trust lifted its position in shares of iShares iBonds Dec 2029 Term Treasury ETF by 3.4% in the second quarter. Crews Bank & Trust now owns 14,160 shares of the company’s stock worth $310,000 after purchasing an additional 460 shares in the last quarter. Heartland Bank & Trust Co boosted its holdings in shares of iShares iBonds Dec 2029 Term Treasury ETF by 3.1% during the second quarter. Heartland Bank & Trust Co now owns 18,350 shares of the company’s stock worth $402,000 after purchasing an additional 556 shares during the period. Finally, CNB Bank purchased a new position in iShares iBonds Dec 2029 Term Treasury ETF during the third quarter valued at approximately $405,000.

About iShares iBonds Dec 2029 Term Treasury ETF

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.