iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Sees Strong Trading Volume – Should You Buy?

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) shares saw unusually-strong trading volume on Friday. Approximately 894,667 shares traded hands during mid-day trading, an increase of 573% from the previous session’s volume of 132,974 shares. The stock last traded at $21.7950 and had previously closed at $21.77.

iShares iBonds Dec 2032 Term Treasury ETF Stock Performance

The company has a fifty day moving average of $22.32 and a two-hundred day moving average of $22.60.

iShares iBonds Dec 2032 Term Treasury ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.0759 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 4.2%. This is a boost from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.0754. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Atlantic Private Wealth LLC grew its holdings in shares of iShares iBonds Dec 2032 Term Treasury ETF by 25.3% in the second quarter. Atlantic Private Wealth LLC now owns 293,989 shares of the company’s stock valued at $6,672,000 after acquiring an additional 59,363 shares in the last quarter. Parallel Advisors LLC lifted its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 146.6% during the first quarter. Parallel Advisors LLC now owns 162,870 shares of the company’s stock worth $3,735,000 after acquiring an additional 96,836 shares during the period. McIlrath & Eck LLC bought a new stake in iShares iBonds Dec 2032 Term Treasury ETF during the first quarter worth $73,000. Janney Montgomery Scott LLC boosted its position in iShares iBonds Dec 2032 Term Treasury ETF by 13.5% in the first quarter. Janney Montgomery Scott LLC now owns 551,409 shares of the company’s stock worth $12,644,000 after purchasing an additional 65,447 shares during the last quarter. Finally, Boston Family Office LLC boosted its position in iShares iBonds Dec 2032 Term Treasury ETF by 4.2% in the fourth quarter. Boston Family Office LLC now owns 72,218 shares of the company’s stock worth $1,666,000 after purchasing an additional 2,893 shares during the last quarter.

About iShares iBonds Dec 2032 Term Treasury ETF

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.