iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Sets New 12-Month Low – Here’s Why

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) reached a new 52-week low on Wednesday. The company traded as low as $21.26 and last traded at $21.2450, with a volume of 159712 shares traded. The stock had previously closed at $21.32.

iShares iBonds Dec 2030 Term Corporate ETF Stock Down 0.2%

The company has a fifty day simple moving average of $21.52 and a 200-day simple moving average of $21.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IBDV. Lyell Wealth Management LP increased its holdings in shares of iShares iBonds Dec 2030 Term Corporate ETF by 21.7% during the 4th quarter. Lyell Wealth Management LP now owns 452,987 shares of the company’s stock worth $9,997,000 after buying an additional 80,761 shares during the last quarter. Godshalk Welsh Capital Management Inc. lifted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 54.4% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 95,100 shares of the company’s stock valued at $2,082,000 after acquiring an additional 33,500 shares during the last quarter. Parallel Advisors LLC lifted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 28.1% in the fourth quarter. Parallel Advisors LLC now owns 353,005 shares of the company’s stock valued at $7,791,000 after acquiring an additional 77,443 shares during the last quarter. RVW Wealth LLC grew its position in iShares iBonds Dec 2030 Term Corporate ETF by 8.6% in the second quarter. RVW Wealth LLC now owns 1,309,276 shares of the company’s stock worth $28,542,000 after acquiring an additional 103,166 shares during the period. Finally, Dearborn Partners LLC purchased a new position in iShares iBonds Dec 2030 Term Corporate ETF in the fourth quarter worth approximately $609,000.

About iShares iBonds Dec 2030 Term Corporate ETF

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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, 2029. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.