iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Sets New 1-Year Low – Should You Sell?

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) reached a new 52-week low during trading on Thursday . The stock traded as low as $25.31 and last traded at $25.31, with a volume of 9062 shares traded. The stock had previously closed at $25.38.

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

The stock has a 50-day simple moving average of $25.64 and a two-hundred day simple moving average of $25.90.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IBDY. Ballast Advisors LLC bought a new position in iShares iBonds Dec 2033 Term Corporate ETF during the first quarter valued at approximately $30,000. Bogart Wealth LLC grew its position in iShares iBonds Dec 2033 Term Corporate ETF by 431.5% in the 1st quarter. Bogart Wealth LLC now owns 3,040 shares of the company’s stock worth $79,000 after purchasing an additional 2,468 shares during the period. Jupiter Wealth Management LLC bought a new stake in iShares iBonds Dec 2033 Term Corporate ETF in the 2nd quarter worth approximately $120,000. 10Elms LLP grew its position in iShares iBonds Dec 2033 Term Corporate ETF by 12.4% in the 4th quarter. 10Elms LLP now owns 5,900 shares of the company’s stock worth $154,000 after purchasing an additional 650 shares during the period. Finally, Dearborn Partners LLC purchased a new stake in iShares iBonds Dec 2033 Term Corporate ETF during the 4th quarter valued at $206,000.

About iShares iBonds Dec 2033 Term Corporate ETF

The iShares iBonds Dec 2033 Term Corporate ETF (IBDY) 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, 2033, and December 15, 2033. IBDY was launched on Jun 21, 2023 and is managed by BlackRock.