iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Unusually-High Trading Volume After Dividend Announcement

Shares of iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw an uptick in trading volume on Monday after the company announced a dividend. 599,822 shares were traded during trading, an increase of 191% from the previous session’s volume of 205,858 shares.The stock last traded at $22.24 and had previously closed at $22.24.

The newly announced dividend which will be paid on Friday, April 4th. Investors of record on Tuesday, April 1st will be given a dividend of $0.0752 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a $0.90 dividend on an annualized basis and a yield of 4.07%.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

The company has a 50-day simple moving average of $22.05 and a 200-day simple moving average of $22.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strategic Blueprint LLC increased its position in iShares iBonds Dec 2028 Term Treasury ETF by 1.9% in the 4th quarter. Strategic Blueprint LLC now owns 40,252 shares of the company’s stock valued at $882,000 after acquiring an additional 745 shares in the last quarter. AllSquare Wealth Management LLC raised its position in iShares iBonds Dec 2028 Term Treasury ETF by 69.5% in the 4th quarter. AllSquare Wealth Management LLC now owns 2,255 shares of the company’s stock worth $49,000 after purchasing an additional 925 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new position in iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter worth $25,000. Bank of New York Mellon Corp lifted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 11.2% during the 4th quarter. Bank of New York Mellon Corp now owns 13,117 shares of the company’s stock worth $287,000 after buying an additional 1,317 shares in the last quarter. Finally, OLD Second National Bank of Aurora bought a new position in iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter valued at $40,000.

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.