iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Hits New 52-Week Low – What’s Next?

Shares of iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $24.86 and last traded at $24.87, with a volume of 31601 shares traded. The stock had previously closed at $24.92.

iShares iBonds Dec 2032 Term Corporate ETF Stock Down 0.2%

The company has a 50 day moving average price of $25.06 and a 200-day moving average price of $25.31.

Hedge Funds Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IBDX. Integrated Wealth Concepts LLC increased its stake in iShares iBonds Dec 2032 Term Corporate ETF by 7.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 16,732 shares of the company’s stock valued at $418,000 after buying an additional 1,214 shares during the period. Jupiter Wealth Management LLC acquired a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF in the 2nd quarter worth approximately $130,000. Ameriprise Financial Inc. boosted its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 26.9% in the second quarter. Ameriprise Financial Inc. now owns 808,343 shares of the company’s stock valued at $20,243,000 after acquiring an additional 171,517 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of iShares iBonds Dec 2032 Term Corporate ETF in the third quarter valued at approximately $1,283,000. Finally, United Capital Financial Advisors LLC increased its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 5.5% during the third quarter. United Capital Financial Advisors LLC now owns 59,092 shares of the company’s stock valued at $1,514,000 after acquiring an additional 3,082 shares during the period.

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.