iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Hits New 1-Year Low – Here’s Why

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $20.56 and last traded at $20.57, with a volume of 6667 shares traded. The stock had previously closed at $20.66.

iShares iBonds Dec 2031 Term Corporate ETF Stock Down 0.3%

The firm has a fifty day simple moving average of $20.76 and a 200 day simple moving average of $20.96.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Several hedge funds have recently modified their holdings of the stock. Praetorian Wealth Management Inc. raised its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 18.3% in the 4th quarter. Praetorian Wealth Management Inc. now owns 269,037 shares of the company’s stock worth $5,690,000 after buying an additional 41,686 shares during the period. Belpointe Asset Management LLC boosted its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 104.9% in the fourth quarter. Belpointe Asset Management LLC now owns 79,243 shares of the company’s stock valued at $1,676,000 after acquiring an additional 40,572 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in iShares iBonds Dec 2031 Term Corporate ETF by 34.8% during the fourth quarter. Atlantic Union Bankshares Corp now owns 387,461 shares of the company’s stock valued at $8,195,000 after acquiring an additional 100,078 shares during the period. Lyell Wealth Management LP grew its position in iShares iBonds Dec 2031 Term Corporate ETF by 16.1% during the fourth quarter. Lyell Wealth Management LP now owns 332,277 shares of the company’s stock valued at $7,028,000 after acquiring an additional 46,181 shares during the period. Finally, Sarver Vrooman Wealth Advisors increased its stake in iShares iBonds Dec 2031 Term Corporate ETF by 6.3% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 2,316,263 shares of the company’s stock worth $48,989,000 after acquiring an additional 136,491 shares during the last quarter.

About iShares iBonds Dec 2031 Term Corporate ETF

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.