iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Hits New 52-Week Low – What’s Next?

Shares of iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDSGet Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $24.12 and last traded at $24.14, with a volume of 24696 shares. The stock had previously closed at $24.20.

iShares iBonds Dec 2027 Term Corporate ETF Stock Performance

The stock has a 50 day moving average price of $24.17 and a two-hundred day moving average price of $24.20.

Hedge Funds Weigh In On iShares iBonds Dec 2027 Term Corporate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBDS. Roble Belko & Company Inc grew its position in iShares iBonds Dec 2027 Term Corporate ETF by 297.0% in the first quarter. Roble Belko & Company Inc now owns 83,371 shares of the company’s stock worth $2,021,000 after acquiring an additional 62,370 shares in the last quarter. Beaumont Financial Advisors LLC acquired a new position in shares of iShares iBonds Dec 2027 Term Corporate ETF during the 1st quarter worth $1,201,000. Lyell Wealth Management LP raised its holdings in shares of iShares iBonds Dec 2027 Term Corporate ETF by 17.5% during the 4th quarter. Lyell Wealth Management LP now owns 521,963 shares of the company’s stock valued at $12,673,000 after purchasing an additional 77,683 shares in the last quarter. Mosaic Family Wealth Partners LLC raised its holdings in shares of iShares iBonds Dec 2027 Term Corporate ETF by 116.8% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 48,515 shares of the company’s stock valued at $1,176,000 after purchasing an additional 26,133 shares in the last quarter. Finally, Spinnaker Trust lifted its stake in shares of iShares iBonds Dec 2027 Term Corporate ETF by 16.0% in the 1st quarter. Spinnaker Trust now owns 680,902 shares of the company’s stock valued at $16,505,000 after purchasing an additional 93,956 shares during the last quarter.

About iShares iBonds Dec 2027 Term Corporate ETF

(Get Free Report)

The iShares iBonds Dec 2027 Term Corporate ETF (IBDS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg global index of USD-denominated, investment-grade corporate bonds maturing between December 31, 2026 and December 16, 2027. IBDS was launched on Sep 12, 2017 and is managed by BlackRock.

Further Reading

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