iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Hits New 52-Week Low – What’s Next?

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $25.11 and last traded at $25.11, with a volume of 1725470 shares. The stock had previously closed at $25.15.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

The firm’s fifty day moving average is $25.20 and its 200 day moving average is $25.32.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Reliant Wealth Planning boosted its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 0.8% in the fourth quarter. Reliant Wealth Planning now owns 68,109 shares of the company’s stock valued at $1,734,000 after acquiring an additional 542 shares during the period. American Trust grew its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 2.7% in the fourth quarter. American Trust now owns 21,548 shares of the company’s stock valued at $549,000 after acquiring an additional 563 shares in the last quarter. Mosaic Family Wealth Partners LLC grew its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 4.1% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 14,708 shares of the company’s stock valued at $374,000 after acquiring an additional 575 shares in the last quarter. Valley Wealth Managers Inc. increased its position in iShares iBonds Dec 2028 Term Corporate ETF by 1.8% during the first quarter. Valley Wealth Managers Inc. now owns 47,794 shares of the company’s stock worth $1,211,000 after acquiring an additional 841 shares during the period. Finally, Newman Dignan & Sheerar Inc. increased its position in iShares iBonds Dec 2028 Term Corporate ETF by 8.4% during the fourth quarter. Newman Dignan & Sheerar Inc. now owns 10,930 shares of the company’s stock worth $278,000 after acquiring an additional 849 shares during the period.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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, 2028. IBDT was launched on Sep 18, 2018 and is managed by BlackRock.