iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) Reaches New 1-Year Low – Here’s Why

iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) shares hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $22.25 and last traded at $22.2450, with a volume of 16362 shares. The stock had previously closed at $22.32.

iShares iBonds Dec 2027 Term Treasury ETF Price Performance

The business’s fifty day moving average price is $22.33 and its 200 day moving average price is $22.36.

iShares iBonds Dec 2027 Term Treasury ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.0692 per share. This represents a $0.83 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, October 1st. This is a decrease from iShares iBonds Dec 2027 Term Treasury ETF’s previous monthly dividend of $0.0695.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. NBH Bank purchased a new stake in shares of iShares iBonds Dec 2027 Term Treasury ETF in the second quarter valued at about $61,000. Compass Financial Management LLC purchased a new position in shares of iShares iBonds Dec 2027 Term Treasury ETF during the second quarter worth about $48,000. Reliant Wealth Planning grew its holdings in shares of iShares iBonds Dec 2027 Term Treasury ETF by 0.7% during the first quarter. Reliant Wealth Planning now owns 66,696 shares of the company’s stock worth $1,496,000 after buying an additional 489 shares during the last quarter. Atlantic Private Wealth LLC increased its position in iShares iBonds Dec 2027 Term Treasury ETF by 6.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 209,413 shares of the company’s stock valued at $4,697,000 after acquiring an additional 13,608 shares during the period. Finally, Basepoint Wealth LLC acquired a new position in iShares iBonds Dec 2027 Term Treasury ETF in the 1st quarter valued at about $400,000.

About iShares iBonds Dec 2027 Term Treasury ETF

The iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is an exchange-traded fund that is based on the ICE 2027 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2027. The fund will terminate in December 2027. IBTH was launched on Feb 25, 2020 and is managed by BlackRock.