iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTE) Sees Unusually-High Trading Volume – Time to Buy?

iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTE) shares saw unusually-high trading volume on Friday . Approximately 2,825,631 shares traded hands during mid-day 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 Price Performance

The stock’s fifty day simple moving average is $23.93 and its two-hundred day simple moving average is $23.94.

iShares iBonds Dec 2024 Term Treasury ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. American Trust acquired a new position in iShares iBonds Dec 2024 Term Treasury ETF in the 3rd quarter worth approximately $250,000. Flow Traders U.S. LLC increased its holdings in shares of iShares iBonds Dec 2024 Term Treasury ETF by 1,030.8% in the 3rd quarter. Flow Traders U.S. LLC now owns 358,600 shares of the company’s stock valued at $8,606,000 after purchasing an additional 326,889 shares during the period. Kennebec Savings Bank purchased a new stake in shares of iShares iBonds Dec 2024 Term Treasury ETF in the third quarter worth approximately $41,000. Janney Montgomery Scott LLC boosted its holdings in shares of iShares iBonds Dec 2024 Term Treasury ETF by 0.5% during the third quarter. Janney Montgomery Scott LLC now owns 202,536 shares of the company’s stock worth $4,861,000 after purchasing an additional 954 shares during the period. Finally, PSI Advisors LLC grew its position 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 valued at $6,918,000 after purchasing an additional 6,173 shares in 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.