iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Hits New 1-Year Low – Time to Sell?

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.82 and last traded at $19.8350, with a volume of 162516 shares traded. The stock had previously closed at $19.85.

iShares iBonds Dec 2031 Term Treasury ETF Stock Down 0.6%

The stock has a 50 day simple moving average of $20.00 and a two-hundred day simple moving average of $20.20.

iShares iBonds Dec 2031 Term Treasury ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a $0.0661 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares iBonds Dec 2031 Term Treasury ETF’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IBTL. McIlrath & Eck LLC acquired a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the first quarter worth about $52,000. Titleist Asset Management LLC purchased a new position in shares of iShares iBonds Dec 2031 Term Treasury ETF in the 4th quarter valued at approximately $304,000. Reliant Wealth Planning increased its holdings in shares of iShares iBonds Dec 2031 Term Treasury ETF by 16.8% in the fourth quarter. Reliant Wealth Planning now owns 16,898 shares of the company’s stock valued at $347,000 after purchasing an additional 2,428 shares during the period. Captrust Financial Advisors acquired a new position in shares of iShares iBonds Dec 2031 Term Treasury ETF in the fourth quarter valued at approximately $398,000. Finally, Integrated Wealth Concepts LLC raised its stake in shares of iShares iBonds Dec 2031 Term Treasury ETF by 3.2% during the first quarter. Integrated Wealth Concepts LLC now owns 26,370 shares of the company’s stock worth $536,000 after purchasing an additional 822 shares during the last quarter.

About iShares iBonds Dec 2031 Term Treasury ETF

The iShares iBonds Dec 2031 Term Treasury ETF (IBTL) is an exchange-traded fund that is based on the ICE 2031 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2031. The fund will terminate in December 2031. IBTL was launched on Jul 13, 2021 and is managed by BlackRock.