iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sets New 1-Year Low – What’s Next?

Shares of iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) reached a new 52-week low on Friday . The stock traded as low as $25.00 and last traded at $25.0050, with a volume of 740914 shares traded. The stock had previously closed at $25.02.

iShares iBonds Dec 2028 Term Corporate ETF Price Performance

The business’s 50 day moving average is $25.15 and its two-hundred day moving average is $25.24.

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

A number of institutional investors have recently made changes to their positions in IBDT. Sunbelt Securities Inc. bought a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the 3rd quarter worth $26,000. Ascentis Independent Advisors bought a new position in iShares iBonds Dec 2028 Term Corporate ETF in the first quarter valued at $124,000. Bogart Wealth LLC increased its stake in iShares iBonds Dec 2028 Term Corporate ETF by 47.0% in the first quarter. Bogart Wealth LLC now owns 7,978 shares of the company’s stock valued at $202,000 after acquiring an additional 2,549 shares during the last quarter. Bessemer Group Inc. purchased a new stake in iShares iBonds Dec 2028 Term Corporate ETF during the first quarter valued at about $235,000. Finally, Arkadios Wealth Advisors purchased a new stake in iShares iBonds Dec 2028 Term Corporate ETF during the first quarter valued at about $257,000.

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.