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

Shares of iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw unusually-high trading volume on Friday . Approximately 2,967,880 shares changed hands during mid-day trading, an increase of 1,618% from the previous session’s volume of 172,799 shares.The stock last traded at $21.98 and had previously closed at $22.01.

iShares iBonds Dec 2028 Term Treasury ETF Stock Down 0.2 %

The business’s 50 day moving average price is $22.06 and its two-hundred day moving average price is $22.12.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.0706 per share. The ex-dividend date was Monday, December 2nd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Confluence Investment Management LLC grew its position in 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 acquiring an additional 235,642 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 45.4% during the third quarter. Integrated Wealth Concepts LLC now owns 73,145 shares of the company’s stock valued at $1,646,000 after purchasing an additional 22,855 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 18,918 shares during the last quarter. Strategic Blueprint LLC increased its stake in shares of iShares iBonds Dec 2028 Term Treasury ETF by 67.6% in 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 during the period. Finally, Cary Street Partners Asset Management LLC bought a new position in iShares iBonds Dec 2028 Term Treasury ETF in the 3rd quarter valued at approximately $294,000.

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.