iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Hits New 52-Week Low – What’s Next?

Shares of iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) reached a new 52-week low during trading on Monday . The company traded as low as $24.89 and last traded at $24.90, with a volume of 73891 shares traded. The stock had previously closed at $24.97.

iShares iBonds Dec 2032 Term Corporate ETF Stock Down 0.3%

The business’s 50 day moving average price is $25.11 and its two-hundred day moving average price is $25.35.

Hedge Funds Weigh In On iShares iBonds Dec 2032 Term Corporate ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBDX. JPMorgan Chase & Co. acquired a new stake in shares of iShares iBonds Dec 2032 Term Corporate ETF in the third quarter valued at $1,283,000. Confluence Investment Management LLC acquired a new position in iShares iBonds Dec 2032 Term Corporate ETF during the fourth quarter worth about $7,611,000. Praetorian Wealth Management Inc. bought a new stake in iShares iBonds Dec 2032 Term Corporate ETF in the fourth quarter worth about $2,205,000. Atlantic Union Bankshares Corp lifted its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 36.8% in the 4th quarter. Atlantic Union Bankshares Corp now owns 315,958 shares of the company’s stock valued at $8,066,000 after acquiring an additional 85,012 shares during the last quarter. Finally, Roble Belko & Company Inc lifted its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 917.6% in the 1st quarter. Roble Belko & Company Inc now owns 72,379 shares of the company’s stock valued at $1,829,000 after acquiring an additional 65,266 shares during the last quarter.

iShares iBonds Dec 2032 Term Corporate ETF Company Profile

The iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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 January 1, 2032 and December 15, 2032. IBDX was launched on Jun 28, 2022 and is managed by BlackRock.