iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Large Volume Increase – Time to Buy?

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) shares saw unusually-high trading volume on Monday . Approximately 710,439 shares changed hands during mid-day trading, an increase of 121% from the previous session’s volume of 322,083 shares.The stock last traded at $21.92 and had previously closed at $21.99.

iShares iBonds Dec 2028 Term Treasury ETF Trading Down 0.4 %

The company has a fifty day moving average of $21.93 and a 200-day moving average of $22.13.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.0676 per share. The ex-dividend date of this dividend was Wednesday, December 18th.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Treasury ETF

Hedge funds have recently added to or reduced their stakes in the company. Confluence Investment Management LLC increased its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 52.8% during the 3rd quarter. Confluence Investment Management LLC now owns 682,066 shares of the company’s stock worth $15,350,000 after purchasing an additional 235,642 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 45.4% in the third quarter. Integrated Wealth Concepts LLC now owns 73,145 shares of the company’s stock worth $1,646,000 after purchasing an additional 22,855 shares in the last quarter. Leavell Investment Management Inc. increased its position in iShares iBonds Dec 2028 Term Treasury ETF by 94.1% during the third quarter. Leavell Investment Management Inc. now owns 39,018 shares of the company’s stock worth $878,000 after buying an additional 18,918 shares during the last quarter. Strategic Blueprint LLC raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 67.6% during the third quarter. Strategic Blueprint LLC now owns 39,507 shares of the company’s stock valued at $889,000 after buying an additional 15,929 shares in the last quarter. Finally, Montecito Bank & Trust bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF during the 4th quarter worth about $302,000.

iShares iBonds Dec 2028 Term Treasury ETF Company Profile

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.