iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Hits New 12-Month Low – Here’s What Happened

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $25.31 and last traded at $25.31, with a volume of 9062 shares traded. The stock had previously closed at $25.38.

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

The business has a 50-day simple moving average of $25.63 and a two-hundred day simple moving average of $25.89.

Institutional Investors Weigh In On iShares iBonds Dec 2033 Term Corporate ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Lyell Wealth Management LP grew its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 46.8% in the 4th quarter. Lyell Wealth Management LP now owns 173,645 shares of the company’s stock worth $4,539,000 after purchasing an additional 55,375 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 8.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 388,257 shares of the company’s stock valued at $10,036,000 after purchasing an additional 29,179 shares during the last quarter. Roble Belko & Company Inc lifted its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 1,015.7% during the 1st quarter. Roble Belko & Company Inc now owns 53,396 shares of the company’s stock valued at $1,380,000 after purchasing an additional 48,610 shares during the last quarter. Spinnaker Trust acquired a new position in iShares iBonds Dec 2033 Term Corporate ETF in the first quarter valued at about $261,000. Finally, Montecito Bank & Trust boosted its position in iShares iBonds Dec 2033 Term Corporate ETF by 24.9% in the first quarter. Montecito Bank & Trust now owns 31,980 shares of the company’s stock valued at $827,000 after buying an additional 6,382 shares in the last quarter.

About iShares iBonds Dec 2033 Term Corporate ETF

The iShares iBonds Dec 2033 Term Corporate ETF (IBDY) 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, 2033, and December 15, 2033. IBDY was launched on Jun 21, 2023 and is managed by BlackRock.