iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Hits New 12-Month Low – Here’s Why

Shares of iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDVGet Free Report) hit a new 52-week low on Monday . The company traded as low as $21.10 and last traded at $21.10, with a volume of 250 shares changing hands. The stock had previously closed at $21.75.

iShares iBonds Dec 2030 Term Corporate ETF Stock Down 0.1%

The company has a 50-day moving average price of $21.81 and a two-hundred day moving average price of $21.96.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Crews Bank & Trust lifted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 50.8% in the fourth quarter. Crews Bank & Trust now owns 76,460 shares of the company’s stock worth $1,687,000 after acquiring an additional 25,745 shares during the last quarter. RVW Wealth LLC acquired a new position in iShares iBonds Dec 2030 Term Corporate ETF during the 4th quarter worth $24,567,000. FourThought Financial Partners LLC lifted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 90.3% in the fourth quarter. FourThought Financial Partners LLC now owns 93,926 shares of the company’s stock worth $2,073,000 after purchasing an additional 44,561 shares during the period. Beese Fulmer Investment Management Inc. raised its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 146.4% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 109,615 shares of the company’s stock worth $2,419,000 after purchasing an additional 65,126 shares in the last quarter. Finally, First Fiduciary Investment Counsel Inc. bought a new stake in shares of iShares iBonds Dec 2030 Term Corporate ETF in the 4th quarter worth $1,139,000.

About iShares iBonds Dec 2030 Term Corporate ETF

(Get Free Report)

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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, 2029. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.

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