iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Sees Strong Trading Volume – Still a Buy?

Shares of iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) saw unusually-high trading volume on Friday. 1,588,137 shares traded hands during mid-day trading, an increase of 499% from the previous session’s volume of 264,944 shares. The stock last traded at $19.0050 and had previously closed at $18.98.

iShares iBonds Dec 2030 Term Treasury ETF Price Performance

The company has a fifty day moving average price of $19.32 and a 200-day moving average price of $19.50.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a dividend of $0.0619 per share. This represents a $0.74 annualized dividend and a yield of 3.9%. The ex-dividend date was Tuesday, September 1st. This is a drop from iShares iBonds Dec 2030 Term Treasury ETF’s previous monthly dividend of $0.0631.

Hedge Funds Weigh In On iShares iBonds Dec 2030 Term Treasury ETF

Several hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC raised its position in iShares iBonds Dec 2030 Term Treasury ETF by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock valued at $9,863,000 after purchasing an additional 30,944 shares in the last quarter. Heartland Bank & Trust Co bought a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF during the second quarter valued at approximately $4,286,000. Janney Montgomery Scott LLC boosted its position in iShares iBonds Dec 2030 Term Treasury ETF by 62.4% during the first quarter. Janney Montgomery Scott LLC now owns 188,443 shares of the company’s stock valued at $3,716,000 after purchasing an additional 72,374 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of iShares iBonds Dec 2030 Term Treasury ETF by 9.4% in the 1st quarter. Parallel Advisors LLC now owns 181,965 shares of the company’s stock valued at $3,588,000 after buying an additional 15,559 shares in the last quarter. Finally, Boston Family Office LLC grew its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 14.8% in the 4th quarter. Boston Family Office LLC now owns 115,375 shares of the company’s stock worth $2,290,000 after buying an additional 14,865 shares during the last quarter.

iShares iBonds Dec 2030 Term Treasury ETF Company Profile

The iShares iBonds Dec 2030 Term Treasury ETF (IBTK) is an exchange-traded fund that is based on the ICE 2030 Maturity US Treasury index. The fund tracks a market value-weighted index of US Treasury bonds maturing between January and December 2030. The fund will terminate in December 2030. IBTK was launched on Jul 14, 2020 and is managed by BlackRock.