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

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw unusually-strong trading volume on Tuesday . Approximately 404,737 shares were traded during mid-day trading, an increase of 176% from the previous session’s volume of 146,862 shares.The stock last traded at $22.17 and had previously closed at $22.18.

iShares iBonds Dec 2028 Term Treasury ETF Stock Down 0.1 %

The firm’s fifty day moving average is $22.40 and its 200 day moving average is $22.02.

iShares iBonds Dec 2028 Term Treasury ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.0726 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Large investors have recently made changes to their positions in the company. United Community Bank acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the 1st quarter worth $143,000. Pinnacle Bancorp Inc. purchased a new position in shares of iShares iBonds Dec 2028 Term Treasury ETF in the third quarter worth about $225,000. JDM Financial Group LLC boosted its position in iShares iBonds Dec 2028 Term Treasury ETF by 12.4% during the first quarter. JDM Financial Group LLC now owns 21,006 shares of the company’s stock worth $461,000 after acquiring an additional 2,315 shares during the last quarter. Strategic Blueprint LLC grew its stake in iShares iBonds Dec 2028 Term Treasury ETF by 17.2% during the 2nd quarter. Strategic Blueprint LLC now owns 23,578 shares of the company’s stock valued at $515,000 after acquiring an additional 3,458 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 68.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 80,222 shares of the company’s stock valued at $1,760,000 after acquiring an additional 32,729 shares during the last quarter.

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.