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) hit a new 52-week low on Tuesday. The company traded as low as $24.01 and last traded at $24.0150, with a volume of 275570 shares changing hands. The stock had previously closed at $24.07.

iShares iBonds Dec 2032 Term Corporate ETF Price Performance

The company has a 50 day simple moving average of $24.68 and a 200-day simple moving average of $25.00.

Hedge Funds Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Roble Belko & Company Inc increased its position in shares of iShares iBonds Dec 2032 Term Corporate ETF by 917.6% in the first quarter. Roble Belko & Company Inc now owns 72,379 shares of the company’s stock valued at $1,829,000 after acquiring an additional 65,266 shares during the period. Praetorian Wealth Management Inc. boosted its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 24.3% during the second quarter. Praetorian Wealth Management Inc. now owns 197,602 shares of the company’s stock worth $4,978,000 after purchasing an additional 38,612 shares during the period. Peloton Wealth Strategists grew its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 68.8% in the fourth quarter. Peloton Wealth Strategists now owns 94,500 shares of the company’s stock worth $2,413,000 after purchasing an additional 38,500 shares during the last quarter. Lyell Wealth Management LP grew its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 12.6% in the fourth quarter. Lyell Wealth Management LP now owns 260,065 shares of the company’s stock worth $6,639,000 after purchasing an additional 29,140 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 396,703 shares of the company’s stock valued at $10,025,000 after purchasing an additional 26,580 shares during the period.

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.