iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Reaches New 1-Year Low – Time to Sell?

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) shares hit a new 52-week low during trading on Monday . The company traded as low as $20.52 and last traded at $20.58, with a volume of 21462 shares traded. The stock had previously closed at $20.57.

iShares iBonds Dec 2031 Term Corporate ETF Stock Up 0.0%

The firm’s fifty day moving average price is $20.68 and its 200 day moving average price is $20.86.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Several hedge funds have recently bought and sold shares of IBDW. Praetorian Wealth Management Inc. boosted its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 3.5% during the second quarter. Praetorian Wealth Management Inc. now owns 306,517 shares of the company’s stock worth $6,388,000 after buying an additional 10,273 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 338.7% in the 2nd quarter. Harbor Investment Advisory LLC now owns 26,240 shares of the company’s stock worth $547,000 after acquiring an additional 20,259 shares in the last quarter. Sarver Vrooman Wealth Advisors raised its position in iShares iBonds Dec 2031 Term Corporate ETF by 1.2% during the second quarter. Sarver Vrooman Wealth Advisors now owns 2,220,499 shares of the company’s stock worth $46,109,000 after acquiring an additional 26,318 shares during the period. Ballast Advisors LLC purchased a new position in iShares iBonds Dec 2031 Term Corporate ETF during the first quarter valued at $30,000. Finally, Farmers National Bank lifted its stake in iShares iBonds Dec 2031 Term Corporate ETF by 1.3% in the 1st quarter. Farmers National Bank now owns 44,655 shares of the company’s stock valued at $935,000 after buying an additional 590 shares in the last quarter.

iShares iBonds Dec 2031 Term Corporate ETF Company Profile

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.