iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL) Sets New 52-Week Low – Here’s What Happened

iShares iBonds Dec 2031 Term Treasury ETF (NASDAQ:IBTL)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $20.03 and last traded at $20.04, with a volume of 1797 shares trading hands. The stock had previously closed at $20.08.

iShares iBonds Dec 2031 Term Treasury ETF Trading Up 0.4%

The firm has a fifty day moving average price of $20.33 and a 200 day moving average price of $20.49.

iShares iBonds Dec 2031 Term Treasury ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a dividend of $0.0659 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 3.9%.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Treasury ETF

Several institutional investors and hedge funds have recently bought and sold shares of IBTL. McIlrath & Eck LLC purchased a new stake in shares of iShares iBonds Dec 2031 Term Treasury ETF during the 1st quarter valued at approximately $52,000. Parallel Advisors LLC grew its position in iShares iBonds Dec 2031 Term Treasury ETF by 17.8% in the first quarter. Parallel Advisors LLC now owns 200,701 shares of the company’s stock worth $4,094,000 after acquiring an additional 30,319 shares during the period. Janney Montgomery Scott LLC increased its stake in iShares iBonds Dec 2031 Term Treasury ETF by 67.8% during the first quarter. Janney Montgomery Scott LLC now owns 149,914 shares of the company’s stock worth $3,058,000 after acquiring an additional 60,597 shares during the last quarter. Montecito Bank & Trust increased its stake in iShares iBonds Dec 2031 Term Treasury ETF by 14.0% during the first quarter. Montecito Bank & Trust now owns 29,601 shares of the company’s stock worth $604,000 after acquiring an additional 3,631 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in iShares iBonds Dec 2031 Term Treasury ETF by 12.2% in the fourth quarter. NewEdge Advisors LLC now owns 608,344 shares of the company’s stock valued at $12,486,000 after purchasing an additional 66,272 shares during the period.

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.