iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Hits New 12-Month Low – Time to Sell?

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) shares hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $24.92 and last traded at $24.93, with a volume of 1093431 shares changing hands. The stock had previously closed at $24.98.

iShares iBonds Dec 2028 Term Corporate ETF Stock Up 0.1%

The stock has a 50-day moving average of $25.11 and a 200 day moving average of $25.19.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Praetorian Wealth Management Inc. raised its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 1.5% in the 2nd quarter. Praetorian Wealth Management Inc. now owns 275,923 shares of the company’s stock valued at $6,967,000 after acquiring an additional 4,106 shares during the period. RVW Wealth LLC grew its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 4.1% during the second quarter. RVW Wealth LLC now owns 1,206,680 shares of the company’s stock valued at $30,469,000 after purchasing an additional 47,454 shares during the period. GAMMA Investing LLC grew its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 149.4% during the second quarter. GAMMA Investing LLC now owns 11,546 shares of the company’s stock valued at $292,000 after purchasing an additional 6,916 shares during the period. Harbor Investment Advisory LLC increased its stake in iShares iBonds Dec 2028 Term Corporate ETF by 6.8% in the second quarter. Harbor Investment Advisory LLC now owns 122,422 shares of the company’s stock valued at $3,091,000 after purchasing an additional 7,789 shares in the last quarter. Finally, Farmers National Bank increased its stake in iShares iBonds Dec 2028 Term Corporate ETF by 2.4% in the first quarter. Farmers National Bank now owns 47,990 shares of the company’s stock valued at $1,216,000 after purchasing an additional 1,118 shares in the last quarter.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

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.