iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Reaches New 52-Week High – Should You Buy?

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) shares hit a new 52-week high during trading on Friday . The stock traded as high as $23.43 and last traded at $23.4250, with a volume of 7802 shares. The stock had previously closed at $23.35.

iShares iBonds Dec 2032 Term Treasury ETF Stock Performance

The company’s 50-day moving average price is $23.12 and its 200 day moving average price is $23.15.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.0737 per share. 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, February 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 5.0% during the fourth quarter. NewEdge Advisors LLC now owns 172,182 shares of the company’s stock valued at $3,973,000 after acquiring an additional 8,191 shares during the period. Boston Family Office LLC grew its position in shares of iShares iBonds Dec 2032 Term Treasury ETF by 4.2% during the fourth quarter. Boston Family Office LLC now owns 72,218 shares of the company’s stock worth $1,666,000 after purchasing an additional 2,893 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in iShares iBonds Dec 2032 Term Treasury ETF by 3.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 485,962 shares of the company’s stock valued at $11,214,000 after purchasing an additional 17,275 shares during the period. Atlantic Private Wealth LLC raised its stake in iShares iBonds Dec 2032 Term Treasury ETF by 10.9% during the 4th quarter. Atlantic Private Wealth LLC now owns 220,940 shares of the company’s stock valued at $5,098,000 after purchasing an additional 21,781 shares during the period. Finally, Parallel Advisors LLC purchased a new position in iShares iBonds Dec 2032 Term Treasury ETF in the 4th quarter worth approximately $1,524,000.

iShares iBonds Dec 2032 Term Treasury ETF Company Profile

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.