iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Large Volume Increase After Dividend Announcement

Shares of iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw strong trading volume on Monday after the company announced a dividend. 710,439 shares traded hands during trading, an increase of 121% from the previous session’s volume of 322,083 shares.The stock last traded at $21.92 and had previously closed at $21.99.

The newly announced dividend which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be given a dividend of $0.0752 per share. This is an increase from iShares iBonds Dec 2028 Term Treasury ETF’s previous dividend of $0.07. The ex-dividend date of this dividend is Monday, February 3rd.

iShares iBonds Dec 2028 Term Treasury ETF Stock Performance

The stock has a 50-day moving average of $21.92 and a 200 day moving average of $22.13.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strategic Blueprint LLC raised its position in iShares iBonds Dec 2028 Term Treasury ETF by 1.9% in the fourth quarter. Strategic Blueprint LLC now owns 40,252 shares of the company’s stock valued at $882,000 after purchasing an additional 745 shares during the period. Bank of New York Mellon Corp raised its position in iShares iBonds Dec 2028 Term Treasury ETF by 11.2% in the fourth quarter. Bank of New York Mellon Corp now owns 13,117 shares of the company’s stock valued at $287,000 after purchasing an additional 1,317 shares during the period. Janney Montgomery Scott LLC raised its position in iShares iBonds Dec 2028 Term Treasury ETF by 1.7% in the third quarter. Janney Montgomery Scott LLC now owns 93,590 shares of the company’s stock valued at $2,106,000 after purchasing an additional 1,609 shares during the period. OLD Second National Bank of Aurora purchased a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the fourth quarter valued at $40,000. Finally, PSI Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the fourth quarter valued at $42,000.

iShares iBonds Dec 2028 Term Treasury ETF Company Profile

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.