iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Reaches New 1-Year Low – Here’s What Happened

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) reached a new 52-week low on Wednesday. The stock traded as low as $24.29 and last traded at $24.2750, with a volume of 20334 shares trading hands. The stock had previously closed at $24.42.

iShares iBonds Dec 2032 Term Corporate ETF Trading Down 0.3%

The stock has a 50-day simple moving average of $24.72 and a 200 day simple moving average of $25.02.

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

Several institutional investors and hedge funds have recently made changes to their positions in IBDX. Roble Belko & Company Inc increased its position in iShares iBonds Dec 2032 Term Corporate ETF by 917.6% during the 1st quarter. Roble Belko & Company Inc now owns 72,379 shares of the company’s stock worth $1,829,000 after purchasing an additional 65,266 shares in the last quarter. Praetorian Wealth Management Inc. lifted its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 24.3% in the 2nd quarter. Praetorian Wealth Management Inc. now owns 197,602 shares of the company’s stock valued at $4,978,000 after purchasing an additional 38,612 shares in the last quarter. Peloton Wealth Strategists boosted its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 68.8% during the 4th quarter. Peloton Wealth Strategists now owns 94,500 shares of the company’s stock worth $2,413,000 after purchasing an additional 38,500 shares during the last quarter. Lyell Wealth Management LP boosted its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 12.6% during the 4th quarter. Lyell Wealth Management LP now owns 260,065 shares of the company’s stock worth $6,639,000 after purchasing an additional 29,140 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 396,703 shares of the company’s stock worth $10,025,000 after buying an additional 26,580 shares in the last quarter.

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.