iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sees Unusually-High Trading Volume Following Dividend Announcement

Shares of iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) saw unusually-high trading volume on Monday after the company announced a dividend. Approximately 1,715,351 shares changed hands during mid-day trading, an increase of 321% from the previous session’s volume of 407,889 shares.The stock last traded at $21.8750 and had previously closed at $21.98.

The newly announced dividend which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be issued a $0.0705 dividend. The ex-dividend date is Monday, February 2nd. This is a positive change from iShares iBonds Dec 2029 Term Treasury ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a yield of 3.9%.

iShares iBonds Dec 2029 Term Treasury ETF Stock Performance

The firm’s 50-day moving average is $21.95 and its 200 day moving average is $21.94.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Treasury ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Treasury ETF in the 4th quarter worth about $48,000. Pinnacle Bancorp Inc. purchased a new position in iShares iBonds Dec 2029 Term Treasury ETF in the third quarter valued at approximately $101,000. Towne Trust Company N.A raised its holdings in iShares iBonds Dec 2029 Term Treasury ETF by 1,105.1% in the fourth quarter. Towne Trust Company N.A now owns 8,436 shares of the company’s stock valued at $185,000 after buying an additional 7,736 shares during the period. Opus Capital Group LLC acquired a new position in iShares iBonds Dec 2029 Term Treasury ETF during the third quarter valued at approximately $274,000. Finally, Crews Bank & Trust grew its stake in iShares iBonds Dec 2029 Term Treasury ETF by 12.9% during the third quarter. Crews Bank & Trust now owns 15,990 shares of the company’s stock worth $351,000 after buying an additional 1,830 shares during the period.

iShares iBonds Dec 2029 Term Treasury ETF Company Profile

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.