iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Reaches New 52-Week Low – Here’s Why

Shares of iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $24.01 and last traded at $24.0150, with a volume of 275570 shares traded. The stock had previously closed at $24.07.

iShares iBonds Dec 2032 Term Corporate ETF Stock Performance

The firm’s 50 day simple moving average is $24.65 and its 200 day simple moving average is $24.98.

Institutional Trading of iShares iBonds Dec 2032 Term Corporate ETF

A number of hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in iShares iBonds Dec 2032 Term Corporate ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 396,703 shares of the company’s stock valued at $10,025,000 after acquiring an additional 26,580 shares in the last quarter. Lyell Wealth Management LP lifted its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 12.6% in the 4th quarter. Lyell Wealth Management LP now owns 260,065 shares of the company’s stock valued at $6,639,000 after purchasing an additional 29,140 shares during the period. Parallel Advisors LLC boosted its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 1.0% during the first quarter. Parallel Advisors LLC now owns 244,230 shares of the company’s stock worth $6,172,000 after buying an additional 2,429 shares in the last quarter. Praetorian Wealth Management Inc. increased its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 24.3% in the 2nd quarter. Praetorian Wealth Management Inc. now owns 197,602 shares of the company’s stock valued at $4,978,000 after purchasing an additional 38,612 shares in the last quarter. Finally, Evergreen Private Wealth LLC boosted its position in iShares iBonds Dec 2032 Term Corporate ETF by 1.3% during the first quarter. Evergreen Private Wealth LLC now owns 137,864 shares of the company’s stock worth $3,484,000 after purchasing an additional 1,712 shares in 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.