iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Reaches New 12-Month Low – Time to Sell?

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $25.25 and last traded at $25.33, with a volume of 21218 shares traded. The stock had previously closed at $25.32.

iShares iBonds Dec 2033 Term Corporate ETF Stock Performance

The company’s 50-day moving average price is $25.50 and its 200-day moving average price is $25.77.

Institutional Investors Weigh In On iShares iBonds Dec 2033 Term Corporate ETF

Several large investors have recently added to or reduced their stakes in the business. Ballast Advisors LLC acquired a new stake in iShares iBonds Dec 2033 Term Corporate ETF during the 1st quarter worth approximately $30,000. Bogart Wealth LLC boosted 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 valued at $79,000 after buying an additional 2,468 shares during the period. Jupiter Wealth Management LLC acquired a new position in shares of iShares iBonds Dec 2033 Term Corporate ETF in the second quarter worth $120,000. 10Elms LLP grew its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 12.4% in the fourth quarter. 10Elms LLP now owns 5,900 shares of the company’s stock worth $154,000 after acquiring an additional 650 shares in the last quarter. Finally, Dearborn Partners LLC acquired a new position in shares of iShares iBonds Dec 2033 Term Corporate ETF in the fourth quarter worth $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.