iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sets New 52-Week Low – Time to Sell?

Shares of iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $24.77 and last traded at $24.78, with a volume of 74312 shares trading hands. The stock had previously closed at $24.80.

iShares iBonds Dec 2032 Term Corporate ETF Trading Down 0.0%

The business has a fifty day simple moving average of $24.95 and a two-hundred day simple moving average of $25.18.

Institutional Investors Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

Hedge funds have recently made changes to their positions in the stock. Trust Co. of Vermont bought a new stake in iShares iBonds Dec 2032 Term Corporate ETF during the second quarter valued at about $152,000. Praetorian Wealth Management Inc. lifted its position 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 valued at $4,978,000 after buying an additional 38,612 shares during the last quarter. Ballast Advisors LLC bought a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF in the 1st quarter valued at about $30,000. Farmers National Bank boosted its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 5.0% in the 1st quarter. Farmers National Bank now owns 33,584 shares of the company’s stock valued at $849,000 after buying an additional 1,603 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of iShares iBonds Dec 2032 Term Corporate ETF by 1.0% in the 1st quarter. Parallel Advisors LLC now owns 244,230 shares of the company’s stock worth $6,172,000 after buying an additional 2,429 shares during the last quarter.

iShares iBonds Dec 2032 Term Corporate ETF Company Profile

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.