iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT – Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $25.06 and last traded at $25.07, with a volume of 8715 shares changing hands. The stock had previously closed at $25.17.
iShares iBonds Dec 2028 Term Corporate ETF Stock Down 0.4%
The firm’s 50 day moving average is $25.18 and its two-hundred day moving average is $25.26.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. MTM Investment Management LLC lifted its stake in iShares iBonds Dec 2028 Term Corporate ETF by 70.5% in the 1st quarter. MTM Investment Management LLC now owns 51,949 shares of the company’s stock valued at $1,316,000 after purchasing an additional 21,484 shares during the last quarter. Lyell Wealth Management LP grew its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 18.8% during the fourth quarter. Lyell Wealth Management LP now owns 479,315 shares of the company’s stock worth $12,201,000 after purchasing an additional 75,950 shares during the period. Spinnaker Trust increased its position in iShares iBonds Dec 2028 Term Corporate ETF by 14.1% during the fourth quarter. Spinnaker Trust now owns 489,263 shares of the company’s stock worth $12,454,000 after buying an additional 60,557 shares during the last quarter. Parallel Advisors LLC increased its position in iShares iBonds Dec 2028 Term Corporate ETF by 12.1% during the fourth quarter. Parallel Advisors LLC now owns 290,513 shares of the company’s stock worth $7,446,000 after buying an additional 31,330 shares during the last quarter. Finally, Roble Belko & Company Inc raised its stake in iShares iBonds Dec 2028 Term Corporate ETF by 244.6% in the first quarter. Roble Belko & Company Inc now owns 92,430 shares of the company’s stock valued at $2,341,000 after buying an additional 65,608 shares during the period.
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.
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