iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Reaches New 52-Week Low – Time to Sell?

by · The Markets Daily

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW – Get Free Report)’s share price reached a new 52-week low on Wednesday . The company traded as low as $20.20 and last traded at $20.20, with a volume of 29674 shares. The stock had previously closed at $20.30.

iShares iBonds Dec 2031 Term Corporate ETF Stock Down 0.6%

The company has a 50 day moving average of $20.55 and a 200-day moving average of $20.75.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Several hedge funds have recently made changes to their positions in the business. Ballast Advisors LLC bought a new position in shares of iShares iBonds Dec 2031 Term Corporate ETF during the first quarter valued at approximately $30,000. Ascentis Independent Advisors bought a new stake in iShares iBonds Dec 2031 Term Corporate ETF in the first quarter valued at $63,000. Harbor Investment Advisory LLC increased its position in iShares iBonds Dec 2031 Term Corporate ETF by 95.1% during the 1st quarter. Harbor Investment Advisory LLC now owns 5,981 shares of the company’s stock valued at $125,000 after purchasing an additional 2,916 shares during the period. Bogart Wealth LLC raised its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 48.6% in the 1st quarter. Bogart Wealth LLC now owns 9,346 shares of the company’s stock worth $196,000 after purchasing an additional 3,055 shares in the last quarter. Finally, Dearborn Partners LLC bought a new position in iShares iBonds Dec 2031 Term Corporate ETF in the 4th quarter worth $206,000.

iShares iBonds Dec 2031 Term Corporate ETF Company Profile

(Get Free Report)

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) 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, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.

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