iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Shares Cross Above 50 Day Moving Average – Here’s What Happened

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) shares crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $19.14 and traded as high as $19.19. iShares iBonds Dec 2030 Term Treasury ETF shares last traded at $19.17, with a volume of 455,031 shares traded.

iShares iBonds Dec 2030 Term Treasury ETF Stock Up 0.2%

The company’s 50 day moving average price is $19.14 and its 200 day moving average price is $19.51.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.0591 per share. This represents a $0.71 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, October 1st. This is a decrease from iShares iBonds Dec 2030 Term Treasury ETF’s previous monthly dividend of $0.0619.

Institutional Investors Weigh In On iShares iBonds Dec 2030 Term Treasury ETF

A number of hedge funds have recently added to or reduced their stakes in IBTK. Heartwood Wealth Advisors LLC acquired a new position in shares of iShares iBonds Dec 2030 Term Treasury ETF in the third quarter worth $9,589,000. NewEdge Advisors LLC increased its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 6.6% during the first quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock worth $9,863,000 after acquiring an additional 30,944 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the third quarter valued at $5,893,000. Rebalance LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the third quarter valued at $5,776,000. Finally, Heartland Bank & Trust Co acquired a new stake in shares of iShares iBonds Dec 2030 Term Treasury ETF in the second quarter valued at $4,286,000.

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.