iShares iBonds Dec 2024 Term Treasury ETF
IBTE
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- DE United States of America
- IPO Date
- Mar 3, 2020
- CIK
- 0001100663
- Similar Companies
- Business
- iShares iBonds Dec 2024 Term Treasury ETF (IBTE) is an exchange-traded fund managed by BlackRock that seeks to track the investment results of an index composed of U.S. Treasury securities maturing in December 2024; it provides targeted exposure to short-term Treasury bonds with a defined maturity date, offering predictable cash flows and low credit risk through holdings in U.S. government debt; the fund employs a laddered portfolio strategy, distributing principal payments over time as bonds mature, and automatically liquidates remaining holdings near its target termination date in December 2024, returning capital to shareholders. Launched in 2016 by BlackRock Fund Advisors, headquartered in San Francisco, California, IBTE operates within the fixed-income ETF segment of the asset management industry, targeting income-focused investors such as retirees, institutions seeking duration-matched Treasury exposure, and those hedging interest rate risk in portfolios. The ETF trades on the NYSE Arca exchange and is part of BlackRock's broader iShares iBonds suite, which includes similar term-maturity Treasury and corporate bond ETFs; it has no subsidiaries and is issued by BlackRock, the world's largest asset manager. In recent developments as of late 2024, IBTE entered the final stages of its lifecycle with significant principal redemptions beginning in mid-2024 as individual Treasury holdings matured, aligning with its designed termination; BlackRock announced the fund's planned liquidation and distribution of remaining assets by December 2024, marking a standard operational wind-down rather than a strategic shift; no major acquisitions, partnerships, or product expansions were reported in the last 1-2 years, reflecting its passive, single-purpose structure focused on delivering on its maturity timeline.