iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Sets New 12-Month Low – Here’s Why

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.14 and last traded at $25.16, with a volume of 18070 shares changing hands. The stock had previously closed at $25.33.

iShares iBonds Dec 2033 Term Corporate ETF Trading Up 0.1%

The firm has a 50-day moving average of $25.44 and a two-hundred day moving average of $25.73.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Ballast Advisors LLC bought a new position in iShares iBonds Dec 2033 Term Corporate ETF in the 1st quarter worth $30,000. Bogart Wealth LLC boosted its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 431.5% during the first quarter. Bogart Wealth LLC now owns 3,040 shares of the company’s stock valued at $79,000 after acquiring an additional 2,468 shares during the period. Jupiter Wealth Management LLC acquired a new stake in shares of iShares iBonds Dec 2033 Term Corporate ETF in the second quarter valued at about $120,000. 10Elms LLP grew its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 12.4% in the fourth quarter. 10Elms LLP now owns 5,900 shares of the company’s stock valued at $154,000 after purchasing an additional 650 shares during the last quarter. Finally, Dearborn Partners LLC bought a new position in shares of iShares iBonds Dec 2033 Term Corporate ETF in the fourth quarter worth about $206,000.

About iShares iBonds Dec 2033 Term Corporate ETF

The iShares iBonds Dec 2033 Term Corporate ETF (IBDY) 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, 2033, and December 15, 2033. IBDY was launched on Jun 21, 2023 and is managed by BlackRock.