iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Reaches New 52-Week Low – Here’s Why

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $22.06 and last traded at $22.07, with a volume of 4478 shares traded. The stock had previously closed at $22.14.

iShares iBonds Dec 2028 Term Treasury ETF Stock Up 0.1%

The firm has a 50 day moving average of $22.15 and a two-hundred day moving average of $22.27.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st will be issued a $0.0679 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.7%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Reliant Wealth Planning grew its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 0.7% during the 4th quarter. Reliant Wealth Planning now owns 91,608 shares of the company’s stock valued at $2,049,000 after buying an additional 616 shares during the last quarter. Pinnacle Bancorp Inc. raised its holdings in shares of iShares iBonds Dec 2028 Term Treasury ETF by 4.3% in the first quarter. Pinnacle Bancorp Inc. now owns 16,163 shares of the company’s stock worth $360,000 after acquiring an additional 671 shares during the last quarter. Towne Trust Company N.A lifted its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 9.7% in the first quarter. Towne Trust Company N.A now owns 12,400 shares of the company’s stock valued at $276,000 after acquiring an additional 1,100 shares in the last quarter. Opus Capital Group LLC lifted its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 9.2% in the fourth quarter. Opus Capital Group LLC now owns 15,830 shares of the company’s stock valued at $354,000 after acquiring an additional 1,330 shares in the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the first quarter valued at $33,000.

About iShares iBonds Dec 2028 Term Treasury ETF

The iShares iBonds Dec 2028 Term Treasury ETF (IBTI) is an exchange-traded fund that is based on the ICE 2028 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2028. The fund will terminate in December 2028. IBTI was launched on Feb 25, 2020 and is managed by BlackRock.