iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Sets New 52-Week Low – Here’s Why

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW)’s share price hit a new 52-week low on Monday . The stock traded as low as $20.52 and last traded at $20.58, with a volume of 21462 shares. The stock had previously closed at $20.57.

iShares iBonds Dec 2031 Term Corporate ETF Stock Up 0.0%

The firm’s fifty day simple moving average is $20.68 and its two-hundred day simple moving average is $20.86.

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

Several institutional investors have recently bought and sold shares of IBDW. Ballast Advisors LLC acquired a new position in shares of iShares iBonds Dec 2031 Term Corporate ETF in the first quarter worth $30,000. Ascentis Independent Advisors acquired a new position in iShares iBonds Dec 2031 Term Corporate ETF in the first quarter valued at approximately $63,000. BOKF NA purchased a new position in iShares iBonds Dec 2031 Term Corporate ETF in the fourth quarter valued at approximately $69,000. Harbor Investment Advisory LLC increased its stake in iShares iBonds Dec 2031 Term Corporate ETF by 95.1% in the first 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 last quarter. Finally, Bogart Wealth LLC raised its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 48.6% during the first 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.

iShares iBonds Dec 2031 Term Corporate ETF Company Profile

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.