iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Sets New 12-Month Low – Here’s Why

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW)’s share price reached a new 52-week low on Monday . The company traded as low as $20.64 and last traded at $20.66, with a volume of 64069 shares. The stock had previously closed at $20.68.

iShares iBonds Dec 2031 Term Corporate ETF Stock Down 0.2%

The company’s 50 day simple moving average is $20.80 and its 200-day simple moving average is $20.99.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Praetorian Wealth Management Inc. increased its stake in iShares iBonds Dec 2031 Term Corporate ETF by 18.3% in the 4th quarter. Praetorian Wealth Management Inc. now owns 269,037 shares of the company’s stock worth $5,690,000 after acquiring an additional 41,686 shares during the last quarter. Belpointe Asset Management LLC boosted its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 104.9% during the 4th quarter. Belpointe Asset Management LLC now owns 79,243 shares of the company’s stock valued at $1,676,000 after acquiring an additional 40,572 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 34.8% during the fourth quarter. Atlantic Union Bankshares Corp now owns 387,461 shares of the company’s stock worth $8,195,000 after purchasing an additional 100,078 shares in the last quarter. Sarver Vrooman Wealth Advisors grew its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 6.3% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 2,316,263 shares of the company’s stock worth $48,989,000 after purchasing an additional 136,491 shares in the last quarter. Finally, Lyell Wealth Management LP increased its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 16.1% in the fourth quarter. Lyell Wealth Management LP now owns 332,277 shares of the company’s stock worth $7,028,000 after purchasing an additional 46,181 shares during the last quarter.

iShares iBonds Dec 2031 Term Corporate ETF Company Profile

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.