iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) Sees Unusually-High Trading Volume After Dividend Announcement

iShares iBonds Dec 2027 Term Treasury ETF (NASDAQ:IBTH) shares saw unusually-strong trading volume on Monday following a dividend announcement from the company. Approximately 684,237 shares changed hands during 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. Investors of record on Tuesday, April 1st will be given a $0.0759 dividend. This is a positive change from iShares iBonds Dec 2027 Term Treasury ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.91 dividend on an annualized basis and a dividend yield of 4.07%.

iShares iBonds Dec 2027 Term Treasury ETF Stock Performance

The business’s 50 day simple moving average is $22.30 and its 200 day simple moving average is $22.30.

Institutional Trading of iShares iBonds Dec 2027 Term Treasury ETF

A number of hedge funds have recently made changes to their positions in IBTH. Bank of Jackson Hole Trust acquired a new position in shares of iShares iBonds Dec 2027 Term Treasury ETF in the fourth quarter worth $42,000. Kohmann Bosshard Financial Services LLC acquired a new position in iShares iBonds Dec 2027 Term Treasury ETF in the 4th quarter worth about $47,000. PSI Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2027 Term Treasury ETF during the 4th quarter worth about $61,000. OLD Point Trust & Financial Services N A lifted its holdings in shares of iShares iBonds Dec 2027 Term Treasury ETF by 145.0% during the 4th quarter. OLD Point Trust & Financial Services N A now owns 7,300 shares of the company’s stock valued at $162,000 after buying an additional 4,320 shares during the last quarter. Finally, Hills Bank & Trust Co grew its stake in shares of iShares iBonds Dec 2027 Term Treasury ETF by 8.6% in the 4th quarter. Hills Bank & Trust Co now owns 9,900 shares of the company’s stock valued at $220,000 after buying 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.