iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Strong Trading Volume – Here’s What Happened

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) shares saw unusually-strong trading volume on Friday . Approximately 2,967,880 shares changed hands during mid-day trading, an increase of 1,618% from the previous session’s volume of 172,799 shares.The stock last traded at $21.98 and had previously closed at $22.01.

iShares iBonds Dec 2028 Term Treasury ETF Stock Down 0.2 %

The company’s fifty day simple moving average is $22.06 and its two-hundred day simple moving average is $22.12.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.0706 per share. The ex-dividend date was Monday, December 2nd.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Several institutional investors have recently added to or reduced their stakes in IBTI. Strategic Blueprint LLC lifted its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 17.2% during the second quarter. Strategic Blueprint LLC now owns 23,578 shares of the company’s stock worth $515,000 after buying an additional 3,458 shares in the last quarter. Boston Family Office LLC increased its position in iShares iBonds Dec 2028 Term Treasury ETF by 11.5% during the third quarter. Boston Family Office LLC now owns 75,559 shares of the company’s stock worth $1,700,000 after acquiring an additional 7,794 shares during the period. Leavell Investment Management Inc. raised its stake in iShares iBonds Dec 2028 Term Treasury ETF by 94.1% in the 3rd quarter. Leavell Investment Management Inc. now owns 39,018 shares of the company’s stock worth $878,000 after purchasing an additional 18,918 shares in the last quarter. Cary Street Partners Asset Management LLC bought a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the 3rd quarter valued at about $294,000. Finally, Heartland Bank & Trust Co acquired a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 3rd quarter worth approximately $269,000.

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.