iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Large Volume Increase After Dividend Announcement

Shares of iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw unusually-high trading volume on Monday after the company announced a dividend. Approximately 599,822 shares changed hands 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. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.0752 per share. This is a boost from iShares iBonds Dec 2028 Term Treasury ETF’s previous monthly dividend of $0.07. The ex-dividend date is Tuesday, April 1st. This represents a $0.90 annualized dividend and a dividend yield of 4.07%.

iShares iBonds Dec 2028 Term Treasury ETF Stock Performance

The stock’s 50 day moving average is $22.05 and its two-hundred day moving average is $22.07.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. FCA Corp TX grew its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 2.6% during the fourth quarter. FCA Corp TX now owns 197,307 shares of the company’s stock worth $4,322,000 after purchasing an additional 5,031 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 57.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 114,901 shares of the company’s stock worth $2,517,000 after buying an additional 41,756 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 11.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 104,117 shares of the company’s stock worth $2,281,000 after buying an additional 10,527 shares during the period. Boston Family Office LLC raised its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 18.0% in the 4th quarter. Boston Family Office LLC now owns 89,192 shares of the company’s stock valued at $1,954,000 after acquiring an additional 13,633 shares during the period. Finally, United Capital Financial Advisors LLC raised its position in shares of iShares iBonds Dec 2028 Term Treasury ETF by 91.6% in the 4th quarter. United Capital Financial Advisors LLC now owns 65,373 shares of the company’s stock valued at $1,432,000 after acquiring an additional 31,254 shares during the period.

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.