iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sets New 1-Year Low – What’s Next?

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT)’s share price reached a new 52-week low on Tuesday . The company traded as low as $25.10 and last traded at $25.21, with a volume of 23624 shares changing hands. The stock had previously closed at $25.20.

iShares iBonds Dec 2028 Term Corporate ETF Price Performance

The company’s 50-day moving average is $25.18 and its two-hundred day moving average is $25.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IBDT. NewEdge Advisors LLC increased its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 277.9% during the 4th quarter. NewEdge Advisors LLC now owns 750,929 shares of the company’s stock valued at $19,115,000 after purchasing an additional 552,205 shares during the period. Captrust Financial Advisors lifted its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 46.6% in the 3rd quarter. Captrust Financial Advisors now owns 740,071 shares of the company’s stock worth $18,887,000 after buying an additional 235,224 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 14,318.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 194,651 shares of the company’s stock worth $4,968,000 after buying an additional 193,301 shares during the period. Align Financial LLC bought a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF in the 4th quarter worth approximately $3,092,000. Finally, Lyell Wealth Management LP grew its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 18.8% in the 4th quarter. Lyell Wealth Management LP now owns 479,315 shares of the company’s stock worth $12,201,000 after buying an additional 75,950 shares during the last quarter.

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.