iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Sets New 12-Month Low – What’s Next?

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $25.25 and last traded at $25.27, with a volume of 4293 shares. The stock had previously closed at $25.29.

iShares iBonds Dec 2033 Term Corporate ETF Stock Down 0.0%

The stock has a fifty day moving average of $25.53 and a two-hundred day moving average of $25.80.

Hedge Funds Weigh In On iShares iBonds Dec 2033 Term Corporate ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ballast Advisors LLC bought a new stake in iShares iBonds Dec 2033 Term Corporate ETF during the first quarter valued at $30,000. Parallel Advisors LLC boosted its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 1.0% during the 1st quarter. Parallel Advisors LLC now owns 213,017 shares of the company’s stock valued at $5,506,000 after purchasing an additional 2,184 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of iShares iBonds Dec 2033 Term Corporate ETF during the 1st quarter valued at about $241,000. Sterling Investment Advisors Ltd. grew its stake in iShares iBonds Dec 2033 Term Corporate ETF by 4.3% during the first quarter. Sterling Investment Advisors Ltd. now owns 23,740 shares of the company’s stock worth $614,000 after purchasing an additional 975 shares during the period. Finally, Evergreen Private Wealth LLC grew its stake in iShares iBonds Dec 2033 Term Corporate ETF by 1.4% during the first quarter. Evergreen Private Wealth LLC now owns 135,299 shares of the company’s stock worth $3,497,000 after purchasing an additional 1,928 shares during the period.

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.