iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Reaches New 52-Week Low – Time to Sell?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI)’s share price hit a new 52-week low on Thursday . The stock traded as low as $22.04 and last traded at $22.04, with a volume of 7000 shares trading hands. The stock had previously closed at $22.06.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.1%

The company has a 50 day simple moving average of $22.11 and a 200-day simple moving average of $22.24.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.0679 per share. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in iShares iBonds Dec 2028 Term Treasury ETF by 2.4% during the first quarter. Parallel Advisors LLC now owns 142,903 shares of the company’s stock valued at $3,184,000 after purchasing an additional 3,391 shares during the last quarter. Reliant Wealth Planning boosted its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 0.7% in the 1st quarter. Reliant Wealth Planning now owns 92,278 shares of the company’s stock valued at $2,056,000 after buying an additional 670 shares during the period. FCA Corp TX boosted its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 2.1% in the 1st quarter. FCA Corp TX now owns 224,296 shares of the company’s stock valued at $4,998,000 after buying an additional 4,536 shares during the period. Basepoint Wealth LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 1st quarter valued at about $510,000. Finally, Midwest Professional Planners LTD. grew its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 45.1% during the 1st quarter. Midwest Professional Planners LTD. now owns 118,833 shares of the company’s stock valued at $2,648,000 after buying an additional 36,944 shares during the last quarter.

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.