iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Hits New 52-Week Low – Here’s Why

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDWGet Free Report)’s stock price hit a new 52-week low on Monday . The stock traded as low as $20.52 and last traded at $20.58, with a volume of 21462 shares trading hands. The stock had previously closed at $20.57.

iShares iBonds Dec 2031 Term Corporate ETF Trading Down 0.8%

The business’s 50 day moving average price is $20.67 and its 200-day moving average price is $20.85.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ballast Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF in the 1st quarter valued at approximately $30,000. Ascentis Independent Advisors acquired a new position in iShares iBonds Dec 2031 Term Corporate ETF during the first quarter worth $63,000. BOKF NA acquired a new position in iShares iBonds Dec 2031 Term Corporate ETF during the fourth quarter worth $69,000. Harbor Investment Advisory LLC raised its position in iShares iBonds Dec 2031 Term Corporate ETF by 95.1% in the first quarter. Harbor Investment Advisory LLC now owns 5,981 shares of the company’s stock worth $125,000 after acquiring an additional 2,916 shares in the last quarter. Finally, Bogart Wealth LLC raised its position in iShares iBonds Dec 2031 Term Corporate ETF by 48.6% in the first quarter. Bogart Wealth LLC now owns 9,346 shares of the company’s stock worth $196,000 after acquiring an additional 3,055 shares in the last quarter.

About iShares iBonds Dec 2031 Term Corporate ETF

(Get Free Report)

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) 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, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.

Further Reading

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