iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Reaches New 1-Year Low – What’s Next?

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $25.07 and last traded at $25.0560, with a volume of 99428 shares trading hands. The stock had previously closed at $25.11.

iShares iBonds Dec 2033 Term Corporate ETF Trading Down 0.7%

The firm’s 50-day moving average price is $25.36 and its two-hundred day moving average price is $25.67.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 214.8% in the third quarter. Ameriprise Financial Inc. now owns 553,935 shares of the company’s stock valued at $14,530,000 after purchasing an additional 377,989 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 18,185.4% in the second quarter. JPMorgan Chase & Co. now owns 146,649 shares of the company’s stock valued at $3,799,000 after acquiring an additional 145,847 shares in the last quarter. Lyell Wealth Management LP grew its stake in iShares iBonds Dec 2033 Term Corporate ETF by 46.8% during the 4th quarter. Lyell Wealth Management LP now owns 173,645 shares of the company’s stock worth $4,539,000 after purchasing an additional 55,375 shares in the last quarter. Roble Belko & Company Inc raised its position in iShares iBonds Dec 2033 Term Corporate ETF by 1,015.7% in the 1st quarter. Roble Belko & Company Inc now owns 53,396 shares of the company’s stock valued at $1,380,000 after purchasing an additional 48,610 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 8.1% during the first quarter. Janney Montgomery Scott LLC now owns 388,257 shares of the company’s stock worth $10,036,000 after buying an additional 29,179 shares in the last quarter.

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.