iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sets New 12-Month Low – Should You Sell?

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $21.63 and last traded at $21.65, with a volume of 1407726 shares. The stock had previously closed at $21.67.

iShares iBonds Dec 2030 Term Corporate ETF Trading Down 0.1%

The firm’s 50-day moving average price is $21.76 and its 200-day moving average price is $21.93.

Institutional Investors Weigh In On iShares iBonds Dec 2030 Term Corporate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RVW Wealth LLC purchased a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF in the 4th quarter worth approximately $24,567,000. Rebalance LLC bought a new stake in iShares iBonds Dec 2030 Term Corporate ETF in the fourth quarter worth $10,139,000. Captrust Financial Advisors boosted its stake in iShares iBonds Dec 2030 Term Corporate ETF by 1,050.5% during the fourth quarter. Captrust Financial Advisors now owns 467,361 shares of the company’s stock worth $10,315,000 after buying an additional 426,739 shares during the period. NewEdge Advisors LLC boosted its stake in iShares iBonds Dec 2030 Term Corporate ETF by 37.9% during the third quarter. NewEdge Advisors LLC now owns 949,500 shares of the company’s stock worth $21,031,000 after buying an additional 260,892 shares during the period. Finally, JPMorgan Chase & Co. increased its position in iShares iBonds Dec 2030 Term Corporate ETF by 162.4% during the third quarter. JPMorgan Chase & Co. now owns 304,382 shares of the company’s stock valued at $6,742,000 after acquiring an additional 188,371 shares during the last quarter.

About iShares iBonds Dec 2030 Term Corporate ETF

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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, 2029. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.