iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Sets New 1-Year Low – Here’s Why

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $20.56 and last traded at $20.57, with a volume of 6667 shares. The stock had previously closed at $20.66.

iShares iBonds Dec 2031 Term Corporate ETF Trading Up 0.1%

The business has a fifty day simple moving average of $20.76 and a two-hundred day simple moving average of $20.95.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IBDW. Integrated Wealth Concepts LLC lifted its stake in shares of iShares iBonds Dec 2031 Term Corporate ETF by 5.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 28,640 shares of the company’s stock worth $594,000 after purchasing an additional 1,465 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares iBonds Dec 2031 Term Corporate ETF by 47.6% in the second quarter. JPMorgan Chase & Co. now owns 143,481 shares of the company’s stock valued at $3,019,000 after purchasing an additional 46,291 shares during the last quarter. Ameriprise Financial Inc. grew its stake in iShares iBonds Dec 2031 Term Corporate ETF by 20.0% in the second quarter. Ameriprise Financial Inc. now owns 1,565,212 shares of the company’s stock valued at $32,846,000 after purchasing an additional 260,759 shares during the last quarter. NewEdge Advisors LLC raised its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 30.1% in the third quarter. NewEdge Advisors LLC now owns 1,136,720 shares of the company’s stock worth $24,121,000 after purchasing an additional 262,710 shares in the last quarter. Finally, Peloton Wealth Strategists raised its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 1.0% in the third quarter. Peloton Wealth Strategists now owns 201,350 shares of the company’s stock worth $4,273,000 after purchasing an additional 2,000 shares in the last quarter.

About iShares iBonds Dec 2031 Term Corporate ETF

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.