iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sets New 1-Year Low – Here’s What Happened

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) shares hit a new 52-week low on Tuesday. The company traded as low as $21.10 and last traded at $21.14, with a volume of 675081 shares. The stock had previously closed at $21.20.

iShares iBonds Dec 2030 Term Corporate ETF Price Performance

The stock’s 50 day moving average price is $21.48 and its 200-day moving average price is $21.68.

Institutional Trading of iShares iBonds Dec 2030 Term Corporate ETF

Several institutional investors have recently added to or reduced their stakes in IBDV. Ballast Advisors LLC bought a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF during the first quarter valued at about $30,000. NBH Bank bought a new stake in shares of iShares iBonds Dec 2030 Term Corporate ETF in the 2nd quarter valued at about $86,000. GAMMA Investing LLC boosted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 966.9% during the 2nd quarter. GAMMA Investing LLC now owns 8,866 shares of the company’s stock valued at $193,000 after acquiring an additional 8,035 shares during the period. Bogart Wealth LLC boosted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 43.1% during the 1st quarter. Bogart Wealth LLC now owns 9,732 shares of the company’s stock valued at $213,000 after acquiring an additional 2,930 shares during the period. Finally, Bessemer Group Inc. bought a new position in iShares iBonds Dec 2030 Term Corporate ETF during the 1st quarter worth approximately $239,000.

About iShares iBonds Dec 2030 Term Corporate ETF

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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 Jan 1 and Dec 15, 2029. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.