iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Hits New 12-Month Low – Should You Sell?

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDWGet Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $20.20 and last traded at $20.20, with a volume of 29674 shares trading hands. The stock had previously closed at $20.30.

iShares iBonds Dec 2031 Term Corporate ETF Stock Performance

The stock has a 50 day moving average price of $20.55 and a 200-day moving average price of $20.75.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ballast Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF during the first quarter valued at approximately $30,000. Ascentis Independent Advisors purchased a new position in shares of iShares iBonds Dec 2031 Term Corporate ETF in the first quarter worth $63,000. Harbor Investment Advisory LLC raised its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 95.1% during the 1st quarter. Harbor Investment Advisory LLC now owns 5,981 shares of the company’s stock valued at $125,000 after buying an additional 2,916 shares during the last quarter. Bogart Wealth LLC boosted its position in iShares iBonds Dec 2031 Term Corporate ETF by 48.6% during the 1st quarter. Bogart Wealth LLC now owns 9,346 shares of the company’s stock valued at $196,000 after buying an additional 3,055 shares during the period. Finally, Dearborn Partners LLC purchased a new stake in iShares iBonds Dec 2031 Term Corporate ETF during the 4th quarter valued at $206,000.

About iShares iBonds Dec 2031 Term Corporate ETF

(Get Free Report)

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) 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, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.

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