iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Hits New 1-Year Low – Time to Sell?

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY)’s share price reached a new 52-week low on Monday . The stock traded as low as $25.28 and last traded at $25.28, with a volume of 20564 shares trading hands. The stock had previously closed at $25.34.

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

The firm has a 50-day moving average of $25.59 and a two-hundred day moving average of $25.85.

Institutional Investors Weigh In On iShares iBonds Dec 2033 Term Corporate ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 214.8% during the third quarter. Ameriprise Financial Inc. now owns 553,935 shares of the company’s stock worth $14,530,000 after buying an additional 377,989 shares during the period. JPMorgan Chase & Co. increased its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 18,185.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 146,649 shares of the company’s stock worth $3,799,000 after purchasing an additional 145,847 shares during the period. Lyell Wealth Management LP increased its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 46.8% during the 4th quarter. Lyell Wealth Management LP now owns 173,645 shares of the company’s stock worth $4,539,000 after purchasing an additional 55,375 shares during the period. Roble Belko & Company Inc raised its position in iShares iBonds Dec 2033 Term Corporate ETF by 1,015.7% in the 1st quarter. Roble Belko & Company Inc now owns 53,396 shares of the company’s stock valued at $1,380,000 after purchasing an additional 48,610 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in iShares iBonds Dec 2033 Term Corporate ETF by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 388,257 shares of the company’s stock valued at $10,036,000 after purchasing an additional 29,179 shares in the last quarter.

About iShares iBonds Dec 2033 Term Corporate ETF

The iShares iBonds Dec 2033 Term Corporate ETF (IBDY) 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, 2033, and December 15, 2033. IBDY was launched on Jun 21, 2023 and is managed by BlackRock.