iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Hits New 52-Week Low – Should You Sell?

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $24.33 and last traded at $24.3250, with a volume of 7352 shares. The stock had previously closed at $24.37.

iShares iBonds Dec 2032 Term Corporate ETF Stock Down 0.0%

The firm has a fifty day moving average price of $24.81 and a 200 day moving average price of $25.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 396,703 shares of the company’s stock worth $10,025,000 after buying an additional 26,580 shares during the period. Lyell Wealth Management LP grew its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 12.6% in the fourth quarter. Lyell Wealth Management LP now owns 260,065 shares of the company’s stock valued at $6,639,000 after acquiring an additional 29,140 shares in the last quarter. Parallel Advisors LLC grew its position in shares of iShares iBonds Dec 2032 Term Corporate ETF by 6.3% during the 4th quarter. Parallel Advisors LLC now owns 241,801 shares of the company’s stock worth $6,173,000 after purchasing an additional 14,326 shares in the last quarter. Praetorian Wealth Management Inc. increased its stake in iShares iBonds Dec 2032 Term Corporate ETF by 24.3% during the 2nd quarter. Praetorian Wealth Management Inc. now owns 197,602 shares of the company’s stock worth $4,978,000 after acquiring an additional 38,612 shares during the period. Finally, Evergreen Private Wealth LLC increased its position in shares of iShares iBonds Dec 2032 Term Corporate ETF by 1.3% in the first quarter. Evergreen Private Wealth LLC now owns 137,864 shares of the company’s stock worth $3,484,000 after purchasing an additional 1,712 shares during the period.

iShares iBonds Dec 2032 Term Corporate ETF Company Profile

The iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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 January 1, 2032 and December 15, 2032. IBDX was launched on Jun 28, 2022 and is managed by BlackRock.