iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Reaches New 12-Month Low – Time to Sell?

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $25.11 and last traded at $25.11, with a volume of 1725470 shares changing hands. The stock had previously closed at $25.15.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

The firm has a 50 day moving average price of $25.20 and a two-hundred day moving average price of $25.32.

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

Institutional investors have recently bought and sold shares of the stock. Reliant Wealth Planning grew its position in iShares iBonds Dec 2028 Term Corporate ETF by 0.8% during the 4th quarter. Reliant Wealth Planning now owns 68,109 shares of the company’s stock worth $1,734,000 after purchasing an additional 542 shares in the last quarter. American Trust boosted its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 2.7% in the fourth quarter. American Trust now owns 21,548 shares of the company’s stock worth $549,000 after buying an additional 563 shares during the period. Mosaic Family Wealth Partners LLC boosted its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 4.1% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 14,708 shares of the company’s stock worth $374,000 after buying an additional 575 shares during the period. Valley Wealth Managers Inc. boosted its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 1.8% in the first quarter. Valley Wealth Managers Inc. now owns 47,794 shares of the company’s stock worth $1,211,000 after buying an additional 841 shares during the period. Finally, Newman Dignan & Sheerar Inc. grew its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 8.4% during the fourth quarter. Newman Dignan & Sheerar Inc. now owns 10,930 shares of the company’s stock valued at $278,000 after buying an additional 849 shares in the last quarter.

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.