iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sets New 1-Year Low – Here’s Why

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) shares hit a new 52-week low on Monday . The stock traded as low as $24.77 and last traded at $24.78, with a volume of 74312 shares trading hands. The stock had previously closed at $24.80.

iShares iBonds Dec 2032 Term Corporate ETF Trading Down 0.0%

The business has a 50-day moving average price of $24.95 and a 200-day moving average price of $25.18.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its position in shares of iShares iBonds Dec 2032 Term Corporate ETF by 111.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,707,594 shares of the company’s stock valued at $43,762,000 after purchasing an additional 899,251 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in iShares iBonds Dec 2032 Term Corporate ETF by 36.8% during the 4th quarter. Atlantic Union Bankshares Corp now owns 315,958 shares of the company’s stock worth $8,066,000 after purchasing an additional 85,012 shares during the last quarter. Roble Belko & Company Inc increased its stake in iShares iBonds Dec 2032 Term Corporate ETF by 917.6% during the 1st quarter. Roble Belko & Company Inc now owns 72,379 shares of the company’s stock valued at $1,829,000 after purchasing an additional 65,266 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in iShares iBonds Dec 2032 Term Corporate ETF during the 3rd quarter valued at approximately $1,283,000. Finally, Praetorian Wealth Management Inc. raised its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 24.3% in the second quarter. Praetorian Wealth Management Inc. now owns 197,602 shares of the company’s stock worth $4,978,000 after buying an additional 38,612 shares during the last quarter.

About iShares iBonds Dec 2032 Term Corporate ETF

The iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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 January 1, 2032 and December 15, 2032. IBDX was launched on Jun 28, 2022 and is managed by BlackRock.