Archer Investment Corp Has $3.61 Million Holdings in iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTE)

Archer Investment Corp lifted its holdings in iShares iBonds Dec 2024 Term Treasury ETF (NASDAQ:IBTE) by 130.4% in the 4th quarter, Holdings Channel reports. The firm owned 151,364 shares of the company’s stock after buying an additional 85,672 shares during the quarter. iShares iBonds Dec 2024 Term Treasury ETF accounts for 1.2% of Archer Investment Corp’s portfolio, making the stock its 17th biggest holding. Archer Investment Corp’s holdings in iShares iBonds Dec 2024 Term Treasury ETF were worth $3,612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of IBTE. Farther Finance Advisors LLC raised its holdings in iShares iBonds Dec 2024 Term Treasury ETF by 212.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,450 shares of the company’s stock worth $35,000 after acquiring an additional 986 shares during the period. JDM Financial Group LLC raised its holdings in iShares iBonds Dec 2024 Term Treasury ETF by 6.4% in the 3rd quarter. JDM Financial Group LLC now owns 16,647 shares of the company’s stock worth $397,000 after acquiring an additional 1,005 shares during the period. Mascoma Wealth Management LLC raised its holdings in iShares iBonds Dec 2024 Term Treasury ETF by 10.0% in the 4th quarter. Mascoma Wealth Management LLC now owns 15,103 shares of the company’s stock worth $360,000 after acquiring an additional 1,373 shares during the period. Pinnacle Bancorp Inc. raised its holdings in iShares iBonds Dec 2024 Term Treasury ETF by 90.7% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,978 shares of the company’s stock worth $95,000 after acquiring an additional 1,892 shares during the period. Finally, Princeton Global Asset Management LLC raised its holdings in iShares iBonds Dec 2024 Term Treasury ETF by 127.3% in the 3rd quarter. Princeton Global Asset Management LLC now owns 3,750 shares of the company’s stock worth $89,000 after acquiring an additional 2,100 shares during the period.

iShares iBonds Dec 2024 Term Treasury ETF Stock Performance

IBTE traded up $0.01 during trading on Wednesday, hitting $23.91. The stock had a trading volume of 1,810,711 shares, compared to its average volume of 727,825. iShares iBonds Dec 2024 Term Treasury ETF has a 12 month low of $23.71 and a 12 month high of $24.01. The company has a 50 day simple moving average of $23.90 and a 200-day simple moving average of $23.87.

iShares iBonds Dec 2024 Term Treasury ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.0932 per share. The ex-dividend date was Monday, April 1st. This represents a $1.12 annualized dividend and a dividend yield of 4.68%.

iShares iBonds Dec 2024 Term Treasury ETF Company Profile

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.