iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Reaches New 52-Week Low – What’s Next?

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) shares hit a new 52-week low on Wednesday. The company traded as low as $24.97 and last traded at $24.97, with a volume of 166294 shares trading hands. The stock had previously closed at $25.02.

iShares iBonds Dec 2028 Term Corporate ETF Trading Down 0.0%

The company’s 50 day moving average price is $25.12 and its 200-day moving average price is $25.20.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

Several hedge funds and other institutional investors have recently modified their holdings of IBDT. MTM Investment Management LLC increased its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 70.5% in the 1st quarter. MTM Investment Management LLC now owns 51,949 shares of the company’s stock valued at $1,316,000 after purchasing an additional 21,484 shares in the last quarter. Lyell Wealth Management LP raised its position in iShares iBonds Dec 2028 Term Corporate ETF by 18.8% in the fourth quarter. Lyell Wealth Management LP now owns 479,315 shares of the company’s stock valued at $12,201,000 after purchasing an additional 75,950 shares during the period. Spinnaker Trust lifted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 14.1% during the fourth quarter. Spinnaker Trust now owns 489,263 shares of the company’s stock worth $12,454,000 after purchasing an additional 60,557 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 12.1% during the fourth quarter. Parallel Advisors LLC now owns 290,513 shares of the company’s stock worth $7,446,000 after purchasing an additional 31,330 shares in the last quarter. Finally, Roble Belko & Company Inc boosted its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 244.6% in the first quarter. Roble Belko & Company Inc now owns 92,430 shares of the company’s stock worth $2,341,000 after buying an additional 65,608 shares during the period.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

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.