iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Sets New 12-Month Low – Should You Sell?

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $24.86 and last traded at $24.87, with a volume of 31601 shares changing hands. The stock had previously closed at $24.92.

iShares iBonds Dec 2032 Term Corporate ETF Stock Down 0.2%

The stock has a fifty day moving average of $25.08 and a 200-day moving average of $25.32.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Ballast Advisors LLC purchased a new stake in iShares iBonds Dec 2032 Term Corporate ETF in the 1st quarter worth approximately $30,000. Bogart Wealth LLC bought a new stake in iShares iBonds Dec 2032 Term Corporate ETF during the fourth quarter valued at about $56,000. Ascentis Independent Advisors purchased a new stake in iShares iBonds Dec 2032 Term Corporate ETF in the first quarter worth $88,000. Jupiter Wealth Management LLC purchased a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF in the 2nd quarter worth approximately $130,000. Finally, Crews Bank & Trust raised its stake in iShares iBonds Dec 2032 Term Corporate ETF by 91.8% in the fourth quarter. Crews Bank & Trust now owns 5,755 shares of the company’s stock valued at $147,000 after buying an additional 2,755 shares during the last quarter.

iShares iBonds Dec 2032 Term Corporate ETF Company Profile

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.