iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Sets New 1-Year Low – Here’s What Happened

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $24.11 and last traded at $24.12, with a volume of 828377 shares changing hands. The stock had previously closed at $24.12.

iShares iBonds Dec 2027 Term Corporate ETF Trading Up 0.0%

The company’s fifty day moving average is $24.16 and its 200 day moving average is $24.18.

Institutional Investors Weigh In On iShares iBonds Dec 2027 Term Corporate ETF

Hedge funds have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors purchased a new stake in shares of iShares iBonds Dec 2027 Term Corporate ETF in the first quarter worth $85,000. NBH Bank purchased a new position in shares of iShares iBonds Dec 2027 Term Corporate ETF in the 2nd quarter worth about $85,000. Front Row Advisors LLC boosted its stake in iShares iBonds Dec 2027 Term Corporate ETF by 39.3% in the 1st quarter. Front Row Advisors LLC now owns 5,850 shares of the company’s stock worth $142,000 after purchasing an additional 1,650 shares in the last quarter. Bogart Wealth LLC boosted its stake in iShares iBonds Dec 2027 Term Corporate ETF by 47.6% in the 1st quarter. Bogart Wealth LLC now owns 8,285 shares of the company’s stock worth $201,000 after purchasing an additional 2,673 shares in the last quarter. Finally, Bessemer Group Inc. bought a new position in iShares iBonds Dec 2027 Term Corporate ETF in the 1st quarter worth about $234,000.

About iShares iBonds Dec 2027 Term Corporate ETF

The iShares iBonds Dec 2027 Term Corporate ETF (IBDS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg global index of USD-denominated, investment-grade corporate bonds maturing between December 31, 2026 and December 16, 2027. IBDS was launched on Sep 12, 2017 and is managed by BlackRock.