iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Hits New 52-Week Low – Should You Sell?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $22.00 and last traded at $22.01, with a volume of 62417 shares trading hands. The stock had previously closed at $22.08.

iShares iBonds Dec 2028 Term Treasury ETF Trading Up 0.0%

The business’s fifty day simple moving average is $22.09 and its two-hundred day simple moving average is $22.18.

iShares iBonds Dec 2028 Term Treasury ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.0701 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Tuesday, September 1st.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ascentis Independent Advisors acquired a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the first quarter worth about $33,000. Advisory Services Network LLC purchased a new position in iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter worth approximately $269,000. High Note Wealth LLC grew its stake in iShares iBonds Dec 2028 Term Treasury ETF by 820.0% during the 4th quarter. High Note Wealth LLC now owns 12,061 shares of the company’s stock worth $270,000 after buying an additional 10,750 shares during the last quarter. Towne Trust Company N.A increased its position in iShares iBonds Dec 2028 Term Treasury ETF by 9.7% during the first quarter. Towne Trust Company N.A now owns 12,400 shares of the company’s stock worth $276,000 after buying an additional 1,100 shares during the period. Finally, Pinnacle Bancorp Inc. increased its position in iShares iBonds Dec 2028 Term Treasury ETF by 4.3% during the first quarter. Pinnacle Bancorp Inc. now owns 16,163 shares of the company’s stock worth $360,000 after buying an additional 671 shares during the period.

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.