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) hit a new 52-week low during trading on Thursday . The company traded as low as $25.11 and last traded at $25.11, with a volume of 1725470 shares. The stock had previously closed at $25.15.

iShares iBonds Dec 2028 Term Corporate ETF Stock Down 0.1%

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 277.9% in the fourth quarter. NewEdge Advisors LLC now owns 750,929 shares of the company’s stock worth $19,115,000 after acquiring an additional 552,205 shares during the last quarter. Rebalance LLC boosted its position in iShares iBonds Dec 2028 Term Corporate ETF by 86.3% during the fourth quarter. Rebalance LLC now owns 734,069 shares of the company’s stock valued at $18,686,000 after purchasing an additional 340,113 shares during the last quarter. Captrust Financial Advisors boosted its position in iShares iBonds Dec 2028 Term Corporate ETF by 46.6% during the third quarter. Captrust Financial Advisors now owns 740,071 shares of the company’s stock valued at $18,887,000 after purchasing an additional 235,224 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares iBonds Dec 2028 Term Corporate ETF by 14,318.6% in the third quarter. JPMorgan Chase & Co. now owns 194,651 shares of the company’s stock valued at $4,968,000 after purchasing an additional 193,301 shares in the last quarter. Finally, Align Financial LLC purchased a new position in iShares iBonds Dec 2028 Term Corporate ETF in the fourth quarter valued at about $3,092,000.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

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.