iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Hits New 12-Month Low – Here’s Why

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT)’s share price hit a new 52-week low on Wednesday . The company traded as low as $25.14 and last traded at $25.16, with a volume of 21882 shares changing hands. The stock had previously closed at $25.19.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

The company has a 50 day simple moving average of $25.22 and a 200 day simple moving average of $25.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IBDT. Ameriprise Financial Inc. raised its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 1.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,585,429 shares of the company’s stock valued at $40,293,000 after acquiring an additional 30,001 shares during the period. Captrust Financial Advisors increased its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 10.5% in the 2nd quarter. Captrust Financial Advisors now owns 504,847 shares of the company’s stock valued at $12,833,000 after purchasing an additional 47,793 shares in the last quarter. JPMorgan Chase & Co. raised its position in iShares iBonds Dec 2028 Term Corporate ETF by 14,318.6% in the third quarter. JPMorgan Chase & Co. now owns 194,651 shares of the company’s stock valued at $4,968,000 after purchasing an additional 193,301 shares during the period. FourThought Financial Partners LLC grew its stake in shares of iShares iBonds Dec 2028 Term Corporate ETF by 212.5% in the third quarter. FourThought Financial Partners LLC now owns 40,571 shares of the company’s stock valued at $1,035,000 after buying an additional 27,588 shares in the last quarter. Finally, Beese Fulmer Investment Management Inc. raised its holdings in shares of iShares iBonds Dec 2028 Term Corporate ETF by 5.3% during the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 135,162 shares of the company’s stock valued at $3,449,000 after buying an additional 6,863 shares during the period.

About iShares iBonds Dec 2028 Term Corporate ETF

The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) 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, 2028. IBDT was launched on Sep 18, 2018 and is managed by BlackRock.