iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) Sees Large Volume Increase After Dividend Announcement

iShares iBonds Dec 2028 Term Treasury ETF (NASDAQ:IBTI) shares saw unusually-strong trading volume on Monday following a dividend announcement from the company. Approximately 710,439 shares traded hands 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.

The newly announced dividend which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be issued a $0.0752 dividend. This is a positive change from iShares iBonds Dec 2028 Term Treasury ETF’s previous dividend of $0.07. The ex-dividend date of this dividend is Monday, February 3rd.

iShares iBonds Dec 2028 Term Treasury ETF Price Performance

The firm has a fifty day simple moving average of $21.92 and a 200 day simple moving average of $22.13.

Institutional Trading of iShares iBonds Dec 2028 Term Treasury ETF

Several institutional investors 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 fourth quarter valued at approximately $40,000. PSI Advisors LLC acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the fourth quarter valued at approximately $42,000. Bank of Jackson Hole Trust acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the fourth quarter valued at approximately $42,000. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares iBonds Dec 2028 Term Treasury ETF in the fourth quarter valued at approximately $47,000. Finally, Private Trust Co. NA grew its holdings in iShares iBonds Dec 2028 Term Treasury ETF by 77.6% in the fourth quarter. Private Trust Co. NA now owns 10,039 shares of the company’s stock valued at $220,000 after purchasing an additional 4,385 shares during the period.

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.