iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) Sets New 52-Week Low – Here’s Why

Shares of iShares iBonds Dec 2032 Term Treasury ETF (NASDAQ:IBTM) hit a new 52-week low on Tuesday. The company traded as low as $21.71 and last traded at $21.75, with a volume of 268074 shares trading hands. The stock had previously closed at $21.85.

iShares iBonds Dec 2032 Term Treasury ETF Trading Down 0.0%

The firm’s 50 day moving average is $22.26 and its two-hundred day moving average is $22.56.

iShares iBonds Dec 2032 Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be paid a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. This is a negative change from iShares iBonds Dec 2032 Term Treasury ETF’s previous monthly dividend of $0.0759. The ex-dividend date is Thursday, October 1st.

Institutional Trading of iShares iBonds Dec 2032 Term Treasury ETF

Hedge funds have recently modified their holdings of the stock. Boston Family Office LLC boosted its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 4.2% in the fourth 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. McIlrath & Eck LLC purchased a new stake in iShares iBonds Dec 2032 Term Treasury ETF during the 1st quarter worth about $73,000. Atlantic Private Wealth LLC increased its holdings in iShares iBonds Dec 2032 Term Treasury ETF by 6.2% during the 1st quarter. Atlantic Private Wealth LLC now owns 234,626 shares of the company’s stock worth $5,380,000 after purchasing an additional 13,686 shares during the period. Janney Montgomery Scott LLC raised its position in iShares iBonds Dec 2032 Term Treasury ETF by 13.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 551,409 shares of the company’s stock valued at $12,644,000 after purchasing an additional 65,447 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new stake in iShares iBonds Dec 2032 Term Treasury ETF in the 4th quarter valued at about $1,524,000.

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.