iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTE) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTE) saw unusually-high trading volume on Friday . Approximately 2,825,631 shares traded hands during trading, an increase of 296% from the previous session’s volume of 713,032 shares.The stock last traded at $23.87 and had previously closed at $23.86.

iShares iBonds Dec 2024 Term Treasury ETF Stock Performance

The firm has a 50 day simple moving average of $23.93 and a 200-day simple moving average of $23.94.

iShares iBonds Dec 2024 Term Treasury ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.1422 per share. This is an increase from iShares iBonds Dec 2024 Term Treasury ETF’s previous dividend of $0.10. The ex-dividend date of this dividend was Monday, December 2nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IBTE. Archer Investment Corp increased its position in shares of iShares iBonds Dec 2024 Term Treasury ETF by 2.8% during the 2nd quarter. Archer Investment Corp now owns 165,054 shares of the company’s stock worth $3,958,000 after purchasing an additional 4,553 shares during the last quarter. PSI Advisors LLC increased its holdings in iShares iBonds Dec 2024 Term Treasury ETF by 2.2% during the third quarter. PSI Advisors LLC now owns 288,235 shares of the company’s stock worth $6,918,000 after buying an additional 6,173 shares during the last quarter. Hills Bank & Trust Co raised its position in iShares iBonds Dec 2024 Term Treasury ETF by 3.9% during the second quarter. Hills Bank & Trust Co now owns 1,998,580 shares of the company’s stock worth $47,926,000 after acquiring an additional 75,012 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in iShares iBonds Dec 2024 Term Treasury ETF in the second quarter valued at $716,000. Finally, Flow Traders U.S. LLC increased its stake in shares of iShares iBonds Dec 2024 Term Treasury ETF by 1,030.8% during the 3rd quarter. Flow Traders U.S. LLC now owns 358,600 shares of the company’s stock worth $8,606,000 after purchasing an additional 326,889 shares during the last quarter.

About iShares iBonds Dec 2024 Term Treasury ETF

The iShares iBonds Dec 2024 Term Treasury ETF (IBTE) is an exchange-traded fund that is based on the ICE 2024 Maturity US Treasury index. The fund tracks a market-value-weighted index of US Treasury bonds maturing between January and December 2024. The fund will terminate in December 2024. IBTE was launched on Feb 25, 2020 and is managed by BlackRock.