iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Sets New 1-Year Low – What’s Next?

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) shares reached a new 52-week low on Monday. The stock traded as low as $23.97 and last traded at $24.0850, with a volume of 14,626 shares trading hands. The stock had previously closed at $24.16.

iShares iBonds Dec 2027 Term Corporate ETF Price Performance

The stock’s 50 day simple moving average is $24.12 and its two-hundred day simple moving average is $24.19.

Institutional Trading of iShares iBonds Dec 2027 Term Corporate ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IBDS. Lyell Wealth Management LP lifted its stake in shares of iShares iBonds Dec 2027 Term Corporate ETF by 17.4% during the third quarter. Lyell Wealth Management LP now owns 695,820 shares of the company’s stock valued at $16,783,000 after acquiring an additional 103,007 shares during the period. Parallel Advisors LLC boosted its holdings in iShares iBonds Dec 2027 Term Corporate ETF by 16.6% in the third quarter. Parallel Advisors LLC now owns 409,570 shares of the company’s stock valued at $9,879,000 after acquiring an additional 58,444 shares during the last quarter. RVW Wealth LLC boosted its holdings in iShares iBonds Dec 2027 Term Corporate ETF by 4.5% in the second quarter. RVW Wealth LLC now owns 1,272,324 shares of the company’s stock valued at $30,816,000 after acquiring an additional 54,404 shares during the last quarter. Beaumont Financial Advisors LLC bought a new position in iShares iBonds Dec 2027 Term Corporate ETF in the first quarter valued at about $1,201,000. Finally, Roble Belko & Company Inc increased its position in iShares iBonds Dec 2027 Term Corporate ETF by 42.1% in the second quarter. Roble Belko & Company Inc now owns 118,468 shares of the company’s stock worth $2,869,000 after purchasing an additional 35,097 shares during the period.

iShares iBonds Dec 2027 Term Corporate ETF Company Profile

The iShares iBonds Dec 2027 Term Corporate ETF (IBDS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg global index of USD-denominated, investment-grade corporate bonds maturing between December 31, 2026 and December 16, 2027. IBDS was launched on Sep 12, 2017 and is managed by BlackRock.