iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sets New 1-Year Low – What’s Next?

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $24.86 and last traded at $24.87, with a volume of 31601 shares traded. The stock had previously closed at $24.92.

iShares iBonds Dec 2032 Term Corporate ETF Stock Performance

The company has a 50-day simple moving average of $25.08 and a two-hundred day simple moving average of $25.32.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its position in shares of iShares iBonds Dec 2032 Term Corporate ETF by 111.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,707,594 shares of the company’s stock worth $43,762,000 after buying an additional 899,251 shares in the last quarter. NewEdge Advisors LLC grew its position in iShares iBonds Dec 2032 Term Corporate ETF by 3.4% in the 4th quarter. NewEdge Advisors LLC now owns 860,213 shares of the company’s stock valued at $21,961,000 after acquiring an additional 28,474 shares in the last quarter. Arrow Financial Corp lifted its position in shares of iShares iBonds Dec 2032 Term Corporate ETF by 3.8% during the 4th quarter. Arrow Financial Corp now owns 599,146 shares of the company’s stock worth $15,296,000 after buying an additional 22,170 shares during the last quarter. Janney Montgomery Scott LLC grew its position in iShares iBonds Dec 2032 Term Corporate ETF by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 396,703 shares of the company’s stock valued at $10,025,000 after buying an additional 26,580 shares during the last quarter. Finally, Atlantic Union Bankshares Corp increased its position in shares of iShares iBonds Dec 2032 Term Corporate ETF by 36.8% in the fourth quarter. Atlantic Union Bankshares Corp now owns 315,958 shares of the company’s stock valued at $8,066,000 after buying an additional 85,012 shares in the last quarter.

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.