iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Hits New 1-Year Low – Time to Sell?

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) hit a new 52-week low during trading on Tuesday . The stock traded as low as $24.59 and last traded at $24.6050, with a volume of 352624 shares trading hands. The stock had previously closed at $24.63.

iShares iBonds Dec 2032 Term Corporate ETF Trading Down 0.1%

The business has a fifty day moving average of $24.89 and a 200 day moving average of $25.14.

Institutional Trading of iShares iBonds Dec 2032 Term Corporate ETF

A number of hedge funds have recently made changes to their positions in the company. Ballast Advisors LLC bought a new position in shares of iShares iBonds Dec 2032 Term Corporate ETF in the 1st quarter worth $30,000. Ascentis Independent Advisors bought a new position in iShares iBonds Dec 2032 Term Corporate ETF in the 1st quarter valued at about $88,000. Bogart Wealth LLC boosted its stake in iShares iBonds Dec 2032 Term Corporate ETF by 115.2% during the 1st quarter. Bogart Wealth LLC now owns 4,721 shares of the company’s stock valued at $119,000 after purchasing an additional 2,527 shares during the last quarter. Jupiter Wealth Management LLC bought a new stake in iShares iBonds Dec 2032 Term Corporate ETF during the 2nd quarter worth approximately $130,000. Finally, Trust Co. of Vermont bought a new stake in iShares iBonds Dec 2032 Term Corporate ETF during the 2nd quarter worth approximately $152,000.

About iShares iBonds Dec 2032 Term Corporate ETF

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.