iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sets New 1-Year Low – What’s Next?

Shares of iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $25.10 and last traded at $25.21, with a volume of 23624 shares. The stock had previously closed at $25.20.

iShares iBonds Dec 2028 Term Corporate ETF Stock Up 0.0%

The business has a fifty day simple moving average of $25.18 and a 200-day simple moving average of $25.27.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

Several institutional investors have recently modified their holdings of IBDT. Sunbelt Securities Inc. bought a new stake in iShares iBonds Dec 2028 Term Corporate ETF in the 3rd quarter worth about $26,000. BOKF NA bought a new position in iShares iBonds Dec 2028 Term Corporate ETF during the 4th quarter valued at about $108,000. Ascentis Independent Advisors bought a new position in iShares iBonds Dec 2028 Term Corporate ETF during the 1st quarter valued at about $124,000. Bogart Wealth LLC boosted its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 47.0% during the 1st quarter. Bogart Wealth LLC now owns 7,978 shares of the company’s stock valued at $202,000 after acquiring an additional 2,549 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the 1st quarter valued at about $235,000.

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.