iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Hits New 52-Week Low – Should You Sell?

iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $21.90 and last traded at $21.89, with a volume of 18262 shares. The stock had previously closed at $22.01.

iShares iBonds Dec 2032 Term Treasury ETF Price Performance

The stock’s 50-day moving average price is $22.35 and its 200-day moving average price is $22.62.

iShares iBonds Dec 2032 Term Treasury ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.0759 dividend. This is an increase from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, September 1st.

Hedge Funds Weigh In On iShares iBonds Dec 2032 Term Treasury ETF

Several institutional investors have recently made changes to their positions in IBTM. McIlrath & Eck LLC acquired a new stake in shares of iShares iBonds Dec 2032 Term Treasury ETF during the 1st quarter worth approximately $73,000. Parallel Advisors LLC acquired a new position in iShares iBonds Dec 2032 Term Treasury ETF during the 4th quarter valued at approximately $1,524,000. Boston Family Office LLC boosted its position in iShares iBonds Dec 2032 Term Treasury ETF by 4.2% during the 4th quarter. Boston Family Office LLC now owns 72,218 shares of the company’s stock valued at $1,666,000 after purchasing an additional 2,893 shares during the period. Atlantic Private Wealth LLC grew its stake in iShares iBonds Dec 2032 Term Treasury ETF by 10.9% during the 4th quarter. Atlantic Private Wealth LLC now owns 220,940 shares of the company’s stock worth $5,098,000 after buying an additional 21,781 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in iShares iBonds Dec 2032 Term Treasury ETF by 13.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 551,409 shares of the company’s stock worth $12,644,000 after buying an additional 65,447 shares during the last quarter.

iShares iBonds Dec 2032 Term Treasury ETF Company Profile

The iShares iBonds Dec 2032 Term Treasury ETF (IBTM) is an exchange-traded fund that is based on the ICE 2032 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2032. The fund will terminate in December 2032. IBTM was launched on Jul 6, 2022 and is managed by BlackRock.