iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) Sees Large Volume Increase Following Dividend Announcement

iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) saw unusually-strong trading volume on Monday following a dividend announcement from the company. Approximately 684,237 shares traded hands during mid-day trading, an increase of 150% from the previous session’s volume of 273,976 shares.The stock last traded at $22.43 and had previously closed at $22.43.

The newly announced dividend which will be paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.0759 per share. This is a positive change from iShares iBonds Dec 2027 Term Treasury ETF’s previous monthly dividend of $0.07. This represents a $0.91 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Tuesday, April 1st.

iShares iBonds Dec 2027 Term Treasury ETF Stock Down 0.1 %

The stock’s fifty day simple moving average is $22.30 and its two-hundred day simple moving average is $22.30.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Bank of Jackson Hole Trust purchased a new stake in iShares iBonds Dec 2027 Term Treasury ETF during the 4th quarter worth approximately $42,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares iBonds Dec 2027 Term Treasury ETF in the fourth quarter worth $47,000. PSI Advisors LLC bought a new stake in shares of iShares iBonds Dec 2027 Term Treasury ETF in the fourth quarter worth $61,000. OLD Point Trust & Financial Services N A raised its holdings in iShares iBonds Dec 2027 Term Treasury ETF by 145.0% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 7,300 shares of the company’s stock valued at $162,000 after acquiring an additional 4,320 shares in the last quarter. Finally, Hills Bank & Trust Co grew its holdings in iShares iBonds Dec 2027 Term Treasury ETF by 8.6% during the 4th quarter. Hills Bank & Trust Co now owns 9,900 shares of the company’s stock worth $220,000 after acquiring an additional 784 shares in the last quarter.

About iShares iBonds Dec 2027 Term Treasury ETF

The iShares iBonds Dec 2027 Term Treasury ETF (IBTH) is an exchange-traded fund that is based on the ICE 2027 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2027. The fund will terminate in December 2027. IBTH was launched on Feb 25, 2020 and is managed by BlackRock.