iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Reaches New 52-Week Low – Should You Sell?

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $21.10 and last traded at $21.10, with a volume of 250 shares changing hands. The stock had previously closed at $21.75.

iShares iBonds Dec 2030 Term Corporate ETF Price Performance

The stock has a 50-day simple moving average of $21.81 and a 200-day simple moving average of $21.96.

Institutional Investors Weigh In On iShares iBonds Dec 2030 Term Corporate ETF

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 162.4% during the third quarter. JPMorgan Chase & Co. now owns 304,382 shares of the company’s stock valued at $6,742,000 after purchasing an additional 188,371 shares during the last quarter. Cary Street Partners Financial LLC increased its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 8.2% in the third quarter. Cary Street Partners Financial LLC now owns 20,954 shares of the company’s stock worth $464,000 after purchasing an additional 1,587 shares in the last quarter. Mosaic Family Wealth Partners LLC purchased a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF in the third quarter worth about $213,000. 10Elms LLP raised its position in shares of iShares iBonds Dec 2030 Term Corporate ETF by 29.4% in the third quarter. 10Elms LLP now owns 25,941 shares of the company’s stock valued at $575,000 after purchasing an additional 5,890 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of iShares iBonds Dec 2030 Term Corporate ETF by 3.7% in the third quarter. Parallel Advisors LLC now owns 275,562 shares of the company’s stock valued at $6,104,000 after purchasing an additional 9,878 shares during the period.

About iShares iBonds Dec 2030 Term Corporate ETF

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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, 2029. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.