iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Reaches New 52-Week Low – Here’s Why

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $25.14 and last traded at $25.16, with a volume of 18070 shares traded. The stock had previously closed at $25.33.

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

The stock’s 50-day moving average price is $25.46 and its 200 day moving average price is $25.74.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 8.1% in the first quarter. Janney Montgomery Scott LLC now owns 388,257 shares of the company’s stock valued at $10,036,000 after purchasing an additional 29,179 shares during the last quarter. Roble Belko & Company Inc increased its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 1,015.7% in the first quarter. Roble Belko & Company Inc now owns 53,396 shares of the company’s stock worth $1,380,000 after purchasing an additional 48,610 shares during the period. Lyell Wealth Management LP lifted its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 46.8% during the 4th quarter. Lyell Wealth Management LP now owns 173,645 shares of the company’s stock worth $4,539,000 after purchasing an additional 55,375 shares during the last quarter. Spinnaker Trust bought a new stake in iShares iBonds Dec 2033 Term Corporate ETF during the 1st quarter valued at approximately $261,000. Finally, Evergreen Private Wealth LLC boosted its stake in iShares iBonds Dec 2033 Term Corporate ETF by 1.4% during the 1st quarter. Evergreen Private Wealth LLC now owns 135,299 shares of the company’s stock valued at $3,497,000 after purchasing an additional 1,928 shares during the period.

iShares iBonds Dec 2033 Term Corporate ETF Company Profile

The iShares iBonds Dec 2033 Term Corporate ETF (IBDY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2033, and December 15, 2033. IBDY was launched on Jun 21, 2023 and is managed by BlackRock.