iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares iBonds Dec 2030 Term Treasury ETF (NASDAQ:IBTK) saw unusually-high trading volume on Wednesday . Approximately 905,762 shares traded hands during mid-day trading, an increase of 259% from the previous session’s volume of 252,084 shares.The stock last traded at $19.2550 and had previously closed at $19.28.

iShares iBonds Dec 2030 Term Treasury ETF Stock Performance

The company’s 50 day simple moving average is $19.40 and its 200 day simple moving average is $19.57.

iShares iBonds Dec 2030 Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.0619 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Tuesday, September 1st.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in shares of iShares iBonds Dec 2030 Term Treasury ETF by 6.6% during the 1st quarter. NewEdge Advisors LLC now owns 500,133 shares of the company’s stock valued at $9,863,000 after buying an additional 30,944 shares in the last quarter. Heartland Bank & Trust Co bought a new position in iShares iBonds Dec 2030 Term Treasury ETF in the second quarter valued at $4,286,000. Hughes Financial Services LLC purchased a new stake in iShares iBonds Dec 2030 Term Treasury ETF during the fourth quarter valued at about $2,150,000. Janney Montgomery Scott LLC lifted its stake in iShares iBonds Dec 2030 Term Treasury ETF by 62.4% during the first 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 during the last quarter. Finally, Parallel Advisors LLC lifted its stake in iShares iBonds Dec 2030 Term Treasury ETF by 9.4% during the first quarter. Parallel Advisors LLC now owns 181,965 shares of the company’s stock worth $3,588,000 after purchasing an additional 15,559 shares during the last quarter.

About iShares iBonds Dec 2030 Term Treasury ETF

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.