iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sets New 12-Month Low – Here’s Why

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) hit a new 52-week low on Monday . The company traded as low as $25.11 and last traded at $25.11, with a volume of 59743 shares. The stock had previously closed at $25.19.

iShares iBonds Dec 2028 Term Corporate ETF Stock Down 0.3%

The firm’s fifty day moving average is $25.19 and its 200-day moving average is $25.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. bought a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the 3rd quarter valued at about $26,000. BOKF NA bought a new stake in iShares iBonds Dec 2028 Term Corporate ETF in the fourth quarter worth approximately $108,000. Ascentis Independent Advisors acquired a new position in iShares iBonds Dec 2028 Term Corporate ETF in the first quarter valued at approximately $124,000. Flagship Harbor Advisors LLC acquired a new position in iShares iBonds Dec 2028 Term Corporate ETF in the fourth quarter valued at approximately $131,000. Finally, Bogart Wealth LLC boosted its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 47.0% during the 1st quarter. Bogart Wealth LLC now owns 7,978 shares of the company’s stock worth $202,000 after buying an additional 2,549 shares in the last quarter.

About iShares iBonds Dec 2028 Term Corporate ETF

The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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 Jan 1 and Dec 15, 2028. IBDT was launched on Sep 18, 2018 and is managed by BlackRock.