iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Reaches New 12-Month Low – What’s Next?

Shares of iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDVGet Free Report) reached a new 52-week low on Tuesday . The company traded as low as $21.55 and last traded at $21.65, with a volume of 42240 shares. The stock had previously closed at $21.62.

iShares iBonds Dec 2030 Term Corporate ETF Stock Performance

The stock’s 50 day simple moving average is $21.67 and its two-hundred day simple moving average is $21.83.

Hedge Funds Weigh In On iShares iBonds Dec 2030 Term Corporate ETF

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 162.4% in the third quarter. JPMorgan Chase & Co. now owns 304,382 shares of the company’s stock valued at $6,742,000 after acquiring an additional 188,371 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in iShares iBonds Dec 2030 Term Corporate ETF by 13.2% in the third quarter. Integrated Wealth Concepts LLC now owns 42,243 shares of the company’s stock worth $936,000 after purchasing an additional 4,940 shares during the period. United Capital Financial Advisors LLC raised its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 6.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 81,590 shares of the company’s stock worth $1,807,000 after purchasing an additional 4,994 shares during the last quarter. American Trust bought a new stake in iShares iBonds Dec 2030 Term Corporate ETF during the 3rd quarter worth about $370,000. Finally, NewEdge Advisors LLC lifted its position in iShares iBonds Dec 2030 Term Corporate ETF by 37.9% during the 3rd quarter. NewEdge Advisors LLC now owns 949,500 shares of the company’s stock valued at $21,031,000 after purchasing an additional 260,892 shares during the period.

About iShares iBonds Dec 2030 Term Corporate ETF

(Get Free Report)

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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, 2029. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.

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