iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sets New 1-Year Low – Should You Sell?

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $24.59 and last traded at $24.6050, with a volume of 352624 shares. The stock had previously closed at $24.63.

iShares iBonds Dec 2032 Term Corporate ETF Price Performance

The company’s fifty day moving average is $24.87 and its two-hundred day moving average is $25.12.

Institutional Investors Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

Institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its stake in iShares iBonds Dec 2032 Term Corporate ETF by 7.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 16,732 shares of the company’s stock worth $418,000 after acquiring an additional 1,214 shares in the last quarter. Jupiter Wealth Management LLC acquired a new position in iShares iBonds Dec 2032 Term Corporate ETF in the 2nd quarter valued at about $130,000. Ameriprise Financial Inc. grew its position in iShares iBonds Dec 2032 Term Corporate ETF by 26.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 808,343 shares of the company’s stock valued at $20,243,000 after acquiring an additional 171,517 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in iShares iBonds Dec 2032 Term Corporate ETF in the 3rd quarter valued at about $1,283,000. Finally, United Capital Financial Advisors LLC increased its stake in iShares iBonds Dec 2032 Term Corporate ETF by 5.5% during the third quarter. United Capital Financial Advisors LLC now owns 59,092 shares of the company’s stock worth $1,514,000 after purchasing an additional 3,082 shares during the period.

About iShares iBonds Dec 2032 Term Corporate ETF

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.