iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sets New 1-Year Low – Should You Sell?

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) shares hit a new 52-week low on Wednesday . The stock traded as low as $25.14 and last traded at $25.16, with a volume of 21882 shares trading hands. The stock had previously closed at $25.19.

iShares iBonds Dec 2028 Term Corporate ETF Price Performance

The stock’s 50 day simple moving average is $25.22 and its 200-day simple moving average is $25.34.

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

Several institutional investors and hedge funds have recently modified their holdings of IBDT. Ameriprise Financial Inc. increased its position in iShares iBonds Dec 2028 Term Corporate ETF by 1.9% during the second quarter. Ameriprise Financial Inc. now owns 1,585,429 shares of the company’s stock worth $40,293,000 after buying an additional 30,001 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 10.5% in the second quarter. Captrust Financial Advisors now owns 504,847 shares of the company’s stock worth $12,833,000 after buying an additional 47,793 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 14,318.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 194,651 shares of the company’s stock worth $4,968,000 after acquiring an additional 193,301 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 8.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 235,334 shares of the company’s stock worth $6,006,000 after acquiring an additional 18,550 shares in the last quarter. Finally, United Capital Financial Advisors LLC boosted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 22.4% during the 3rd quarter. United Capital Financial Advisors LLC now owns 110,214 shares of the company’s stock worth $2,813,000 after acquiring an additional 20,167 shares in the last quarter.

About iShares iBonds Dec 2028 Term Corporate ETF

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.