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

Shares of iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) saw unusually-strong trading volume on Monday . Approximately 710,439 shares were traded during 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 Stock Performance

The firm has a 50-day moving average of $21.93 and a two-hundred day moving average of $22.13.

iShares iBonds Dec 2028 Term Treasury ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.0676 dividend. The ex-dividend date of this dividend was Wednesday, December 18th.

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

A number of institutional investors and hedge funds have recently bought and sold shares of IBTI. OLD Second National Bank of Aurora acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter worth $40,000. PSI Advisors LLC acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF during the fourth quarter worth about $42,000. Bank of Jackson Hole Trust bought a new position in iShares iBonds Dec 2028 Term Treasury ETF during the fourth quarter valued at about $42,000. Pinnacle Bancorp Inc. bought a new position in iShares iBonds Dec 2028 Term Treasury ETF during the third quarter valued at about $225,000. Finally, Lbmc Investment Advisors LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Treasury ETF in the 4th quarter worth approximately $231,000.

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.