iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ) Sets New 1-Year Low – What’s Next?

iShares iBonds Dec 2029 Term Treasury ETF (NASDAQ:IBTJ)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $21.52 and last traded at $21.53, with a volume of 224072 shares changing hands. The stock had previously closed at $21.56.

iShares iBonds Dec 2029 Term Treasury ETF Price Performance

The company has a 50-day simple moving average of $21.62 and a 200 day simple moving average of $21.80.

iShares iBonds Dec 2029 Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.0669 dividend. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Wednesday, July 1st.

Institutional Trading of iShares iBonds Dec 2029 Term Treasury ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Basepoint Wealth LLC purchased a new position in iShares iBonds Dec 2029 Term Treasury ETF in the first quarter valued at $44,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF during the 4th quarter valued at about $48,000. High Note Wealth LLC acquired a new stake in shares of iShares iBonds Dec 2029 Term Treasury ETF during the 4th quarter valued at about $61,000. Pinnacle Bancorp Inc. increased its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 14.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 5,277 shares of the company’s stock valued at $115,000 after purchasing an additional 683 shares in the last quarter. Finally, Towne Trust Company N.A increased its stake in shares of iShares iBonds Dec 2029 Term Treasury ETF by 1,105.1% in the 4th quarter. Towne Trust Company N.A now owns 8,436 shares of the company’s stock valued at $185,000 after purchasing an additional 7,736 shares in the last quarter.

iShares iBonds Dec 2029 Term Treasury ETF Company Profile

The iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) is an exchange-traded fund that is based on the ICE 2029 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2029. The fund will terminate in December 2029. IBTJ was launched on Feb 25, 2020 and is managed by BlackRock.