iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Reaches New 12-Month Low – What’s Next?

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) shares reached a new 52-week low on Tuesday . The company traded as low as $21.55 and last traded at $21.65, with a volume of 42240 shares. The stock had previously closed at $21.62.

iShares iBonds Dec 2030 Term Corporate ETF Trading Up 0.1%

The business’s fifty day simple moving average is $21.67 and its 200 day simple moving average is $21.83.

Hedge Funds Weigh In On iShares iBonds Dec 2030 Term Corporate ETF

Several institutional investors and hedge funds have recently modified their holdings of IBDV. Captrust Financial Advisors lifted its position in shares of iShares iBonds Dec 2030 Term Corporate ETF by 1,050.5% in the fourth quarter. Captrust Financial Advisors now owns 467,361 shares of the company’s stock valued at $10,315,000 after buying an additional 426,739 shares during the last quarter. NewEdge Advisors LLC boosted its position in iShares iBonds Dec 2030 Term Corporate ETF by 37.9% during the third quarter. NewEdge Advisors LLC now owns 949,500 shares of the company’s stock worth $21,031,000 after purchasing an additional 260,892 shares during the period. JPMorgan Chase & Co. boosted its position in iShares iBonds Dec 2030 Term Corporate ETF by 162.4% during the third quarter. JPMorgan Chase & Co. now owns 304,382 shares of the company’s stock worth $6,742,000 after purchasing an additional 188,371 shares during the period. RVW Wealth LLC increased its holdings in shares of iShares iBonds Dec 2030 Term Corporate ETF by 8.6% in the second quarter. RVW Wealth LLC now owns 1,309,276 shares of the company’s stock valued at $28,542,000 after purchasing an additional 103,166 shares during the last quarter. Finally, Atlantic Union Bankshares Corp increased its holdings in shares of iShares iBonds Dec 2030 Term Corporate ETF by 37.1% in the fourth quarter. Atlantic Union Bankshares Corp now owns 362,828 shares of the company’s stock valued at $8,008,000 after purchasing an additional 98,125 shares during the last quarter.

iShares iBonds Dec 2030 Term Corporate ETF Company Profile

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index of USD-denominated, investment-grade corporate bonds maturing between Jan 1 and Dec 15, 2029. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.