iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sets New 12-Month Low – Time to Sell?

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) shares reached a new 52-week low during trading on Tuesday. The company traded as low as $24.01 and last traded at $24.0150, with a volume of 275570 shares trading hands. The stock had previously closed at $24.07.

iShares iBonds Dec 2032 Term Corporate ETF Stock Performance

The company has a 50-day moving average of $24.68 and a two-hundred day moving average of $25.00.

Institutional Trading of iShares iBonds Dec 2032 Term Corporate ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Ballast Advisors LLC purchased a new stake in iShares iBonds Dec 2032 Term Corporate ETF in the first quarter worth about $30,000. Ascentis Independent Advisors purchased a new position in shares of iShares iBonds Dec 2032 Term Corporate ETF during the first quarter valued at approximately $88,000. Bogart Wealth LLC boosted its position in shares of iShares iBonds Dec 2032 Term Corporate ETF by 115.2% in the 1st quarter. Bogart Wealth LLC now owns 4,721 shares of the company’s stock worth $119,000 after purchasing an additional 2,527 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF in the 2nd quarter worth approximately $152,000. Finally, Dearborn Partners LLC purchased a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF in the 4th quarter worth approximately $206,000.

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.