iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Hits New 1-Year Low – What’s Next?

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.41 and last traded at $20.41, with a volume of 140326 shares changing hands. The stock had previously closed at $20.45.

iShares iBonds Dec 2031 Term Corporate ETF Stock Down 0.1%

The company’s 50 day simple moving average is $20.63 and its 200 day simple moving average is $20.82.

Institutional Trading of iShares iBonds Dec 2031 Term Corporate ETF

A number of large investors have recently made changes to their positions in IBDW. Sarver Vrooman Wealth Advisors raised its stake in iShares iBonds Dec 2031 Term Corporate ETF by 6.3% during the 4th quarter. Sarver Vrooman Wealth Advisors now owns 2,316,263 shares of the company’s stock worth $48,989,000 after buying an additional 136,491 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 32.7% during the third quarter. Ameriprise Financial Inc. now owns 2,076,772 shares of the company’s stock worth $44,108,000 after purchasing an additional 511,560 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 5.2% during the 4th quarter. NewEdge Advisors LLC now owns 1,195,846 shares of the company’s stock valued at $25,292,000 after purchasing an additional 59,126 shares in the last quarter. Arrow Financial Corp grew its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 4.2% in the 4th quarter. Arrow Financial Corp now owns 703,778 shares of the company’s stock valued at $14,885,000 after purchasing an additional 28,076 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in iShares iBonds Dec 2031 Term Corporate ETF by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 478,622 shares of the company’s stock worth $10,018,000 after purchasing an additional 32,344 shares in the last quarter.

About iShares iBonds Dec 2031 Term Corporate ETF

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.