iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Stock Price Down 0.7% – Here’s Why

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM)’s share price traded down 0.7% during mid-day trading on Friday . The company traded as low as $22.79 and last traded at $22.81. 220,799 shares were traded during mid-day trading, an increase of 65% from the average session volume of 133,887 shares. The stock had previously closed at $22.97.

iShares iBonds Dec 2032 Term Treasury ETF Stock Performance

The stock’s 50 day simple moving average is $23.11 and its two-hundred day simple moving average is $23.15.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.069 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBTM. Ameriprise Financial Inc. grew its position in iShares iBonds Dec 2032 Term Treasury ETF by 64.2% during the third quarter. Ameriprise Financial Inc. now owns 361,010 shares of the company’s stock valued at $8,332,000 after acquiring an additional 141,122 shares during the period. Parallel Advisors LLC purchased a new position in shares of iShares iBonds Dec 2032 Term Treasury ETF in the 4th quarter worth about $1,524,000. Thoroughbred Financial Services LLC lifted its stake in shares of iShares iBonds Dec 2032 Term Treasury ETF by 58.9% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 98,547 shares of the company’s stock valued at $2,279,000 after purchasing an additional 36,512 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of iShares iBonds Dec 2032 Term Treasury ETF in the 2nd quarter valued at about $672,000. Finally, Atlantic Private Wealth LLC grew its holdings in shares of 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 worth $5,098,000 after purchasing an additional 21,781 shares during the period.

About iShares iBonds Dec 2032 Term Treasury ETF

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.