iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Hits New 12-Month Low – Should You Sell?

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) shares reached a new 52-week low on Monday . The stock traded as low as $25.42 and last traded at $25.43, with a volume of 78075 shares. The stock had previously closed at $25.51.

iShares iBonds Dec 2033 Term Corporate ETF Stock Up 0.3%

The company’s 50 day moving average price is $25.68 and its 200-day moving average price is $25.93.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IBDY. Arrow Financial Corp raised its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 0.8% in the fourth quarter. Arrow Financial Corp now owns 555,895 shares of the company’s stock worth $14,531,000 after buying an additional 4,543 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 214.8% during the third quarter. Ameriprise Financial Inc. now owns 553,935 shares of the company’s stock valued at $14,530,000 after buying an additional 377,989 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 8.1% in the first quarter. Janney Montgomery Scott LLC now owns 388,257 shares of the company’s stock worth $10,036,000 after purchasing an additional 29,179 shares during the last quarter. Parallel Advisors LLC increased its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 1.0% in the first quarter. Parallel Advisors LLC now owns 213,017 shares of the company’s stock valued at $5,506,000 after acquiring an additional 2,184 shares during the period. Finally, Lyell Wealth Management LP raised its position in iShares iBonds Dec 2033 Term Corporate ETF by 46.8% during the 4th quarter. Lyell Wealth Management LP now owns 173,645 shares of the company’s stock valued at $4,539,000 after purchasing an additional 55,375 shares during the last quarter.

iShares iBonds Dec 2033 Term Corporate ETF Company Profile

The iShares iBonds Dec 2033 Term Corporate ETF (IBDY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2033, and December 15, 2033. IBDY was launched on Jun 21, 2023 and is managed by BlackRock.