iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Sets New 12-Month Low – Time to Sell?

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS)’s stock price reached a new 52-week low on Thursday. The company traded as low as $24.11 and last traded at $24.12, with a volume of 828377 shares trading hands. The stock had previously closed at $24.12.

iShares iBonds Dec 2027 Term Corporate ETF Price Performance

The firm’s fifty day simple moving average is $24.16 and its 200-day simple moving average is $24.18.

Hedge Funds Weigh In On iShares iBonds Dec 2027 Term Corporate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Reliant Wealth Planning raised its holdings in iShares iBonds Dec 2027 Term Corporate ETF by 0.8% in the 1st quarter. Reliant Wealth Planning now owns 56,564 shares of the company’s stock worth $1,371,000 after purchasing an additional 452 shares during the period. Farmers National Bank grew its holdings in iShares iBonds Dec 2027 Term Corporate ETF by 1.2% during the fourth quarter. Farmers National Bank now owns 46,997 shares of the company’s stock valued at $1,141,000 after purchasing an additional 563 shares during the period. Valley Wealth Managers Inc. increased its position in iShares iBonds Dec 2027 Term Corporate ETF by 1.1% in the first quarter. Valley Wealth Managers Inc. now owns 71,499 shares of the company’s stock worth $1,733,000 after buying an additional 795 shares in the last quarter. Praetorian Wealth Management Inc. raised its stake in shares of iShares iBonds Dec 2027 Term Corporate ETF by 0.5% in the second quarter. Praetorian Wealth Management Inc. now owns 284,709 shares of the company’s stock worth $6,896,000 after buying an additional 1,446 shares during the period. Finally, Sarver Vrooman Wealth Advisors lifted its position in shares of iShares iBonds Dec 2027 Term Corporate ETF by 16.6% during the 4th quarter. Sarver Vrooman Wealth Advisors now owns 11,324 shares of the company’s stock valued at $275,000 after buying an additional 1,616 shares in the last quarter.

iShares iBonds Dec 2027 Term Corporate ETF Company Profile

The iShares iBonds Dec 2027 Term Corporate ETF (IBDS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg global index of USD-denominated, investment-grade corporate bonds maturing between December 31, 2026 and December 16, 2027. IBDS was launched on Sep 12, 2017 and is managed by BlackRock.