iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO) Trading 0% Higher – Still a Buy?

Shares of iShares iBonds Dec 2033 Term Treasury ETF (NASDAQ:IBTO) traded up 0% during trading on Tuesday . The company traded as high as $24.71 and last traded at $24.70. 52,322 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 66,072 shares. The stock had previously closed at $24.69.

iShares iBonds Dec 2033 Term Treasury ETF Trading Up 0.0%

The company’s fifty day moving average is $24.74 and its 200 day moving average is $24.48.

iShares iBonds Dec 2033 Term Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, December 1st will be given a dividend of $0.0817 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 4.0%.

Hedge Funds Weigh In On iShares iBonds Dec 2033 Term Treasury ETF

A number of institutional investors have recently added to or reduced their stakes in IBTO. CNB Bank bought a new stake in iShares iBonds Dec 2033 Term Treasury ETF during the third quarter worth $147,000. Headland Capital LLC lifted its stake in iShares iBonds Dec 2033 Term Treasury ETF by 4.4% in the 2nd quarter. Headland Capital LLC now owns 284,351 shares of the company’s stock valued at $6,969,000 after purchasing an additional 11,898 shares during the last quarter. United Capital Financial Advisors LLC grew its holdings in iShares iBonds Dec 2033 Term Treasury ETF by 43.5% during the third quarter. United Capital Financial Advisors LLC now owns 63,181 shares of the company’s stock worth $1,557,000 after purchasing an additional 19,157 shares during the period. Thoroughbred Financial Services LLC increased its position in iShares iBonds Dec 2033 Term Treasury ETF by 159.9% during the third quarter. Thoroughbred Financial Services LLC now owns 32,306 shares of the company’s stock worth $796,000 after buying an additional 19,876 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in iShares iBonds Dec 2033 Term Treasury ETF in the first quarter valued at approximately $748,000.

About iShares iBonds Dec 2033 Term Treasury ETF

The iShares iBonds Dec 2033 Term Treasury ETF (IBTO) is an exchange-traded fund that is based on the ICE 2033 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2033. The fund will terminate in December 2033. IBTO was launched on Jun 27, 2023 and is managed by BlackRock.