iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Sets New 52-Week Low – Time to Sell?

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $20.56 and last traded at $20.57, with a volume of 6667 shares trading hands. The stock had previously closed at $20.66.

iShares iBonds Dec 2031 Term Corporate ETF Trading Down 0.3%

The business’s 50-day simple moving average is $20.76 and its 200-day simple moving average is $20.96.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IBDW. Praetorian Wealth Management Inc. lifted its stake in iShares iBonds Dec 2031 Term Corporate ETF by 3.5% in the 2nd quarter. Praetorian Wealth Management Inc. now owns 306,517 shares of the company’s stock valued at $6,388,000 after buying an additional 10,273 shares in the last quarter. Harbor Investment Advisory LLC increased its position in iShares iBonds Dec 2031 Term Corporate ETF by 338.7% during the second quarter. Harbor Investment Advisory LLC now owns 26,240 shares of the company’s stock worth $547,000 after buying an additional 20,259 shares in the last quarter. Sarver Vrooman Wealth Advisors increased its position in iShares iBonds Dec 2031 Term Corporate ETF by 1.2% during the second quarter. Sarver Vrooman Wealth Advisors now owns 2,220,499 shares of the company’s stock worth $46,109,000 after buying an additional 26,318 shares in the last quarter. Ballast Advisors LLC acquired a new position in shares of iShares iBonds Dec 2031 Term Corporate ETF in the first quarter worth $30,000. Finally, Farmers National Bank raised its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 1.3% in the first quarter. Farmers National Bank now owns 44,655 shares of the company’s stock worth $935,000 after acquiring an additional 590 shares during 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.