iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Reaches New 52-Week Low – Time to Sell?

iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $19.28 and last traded at $19.29, with a volume of 11779 shares trading hands. The stock had previously closed at $19.37.

iShares iBonds Dec 2030 Term Treasury ETF Stock Performance

The stock has a 50 day moving average price of $19.43 and a 200-day moving average price of $19.60.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a dividend of $0.0603 per share. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a yield of 3.7%.

Hedge Funds Weigh In On iShares iBonds Dec 2030 Term Treasury ETF

A number of hedge funds have recently modified their holdings of IBTK. Heartland Bank & Trust Co bought a new stake in iShares iBonds Dec 2030 Term Treasury ETF in the second quarter valued at $4,286,000. Hughes Financial Services LLC bought a new position in iShares iBonds Dec 2030 Term Treasury ETF in the 4th quarter worth $2,150,000. Janney Montgomery Scott LLC raised its holdings in iShares iBonds Dec 2030 Term Treasury ETF by 62.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 188,443 shares of the company’s stock worth $3,716,000 after purchasing an additional 72,374 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 6.6% in the 1st quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock worth $9,863,000 after purchasing an additional 30,944 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 4.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 116,555 shares of the company’s stock worth $2,312,000 after purchasing an additional 4,973 shares during the period.

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.