iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sets New 52-Week Low – Here’s What Happened

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $21.63 and last traded at $21.65, with a volume of 1407726 shares changing hands. The stock had previously closed at $21.67.

iShares iBonds Dec 2030 Term Corporate ETF Price Performance

The stock’s 50-day moving average is $21.76 and its two-hundred day moving average is $21.93.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Crews Bank & Trust boosted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 50.8% during the 4th quarter. Crews Bank & Trust now owns 76,460 shares of the company’s stock valued at $1,687,000 after acquiring an additional 25,745 shares during the period. RVW Wealth LLC purchased a new stake in iShares iBonds Dec 2030 Term Corporate ETF in the fourth quarter worth $24,567,000. FourThought Financial Partners LLC lifted its position in shares of iShares iBonds Dec 2030 Term Corporate ETF by 90.3% during the fourth quarter. FourThought Financial Partners LLC now owns 93,926 shares of the company’s stock worth $2,073,000 after purchasing an additional 44,561 shares during the last quarter. Lyell Wealth Management LP lifted its position in shares of iShares iBonds Dec 2030 Term Corporate ETF by 21.7% during the fourth quarter. Lyell Wealth Management LP now owns 452,987 shares of the company’s stock worth $9,997,000 after purchasing an additional 80,761 shares during the last quarter. Finally, First Fiduciary Investment Counsel Inc. purchased a new stake in shares of iShares iBonds Dec 2030 Term Corporate ETF during the fourth quarter valued at $1,139,000.

iShares iBonds Dec 2030 Term Corporate ETF Company Profile

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.