iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Reaches New 1-Year Low – Here’s What Happened

Shares of iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) hit a new 52-week low on Tuesday . The stock traded as low as $25.25 and last traded at $25.27, with a volume of 4293 shares traded. The stock had previously closed at $25.29.

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

The stock has a 50-day simple moving average of $25.53 and a 200-day simple moving average of $25.80.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 18,185.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 146,649 shares of the company’s stock valued at $3,799,000 after acquiring an additional 145,847 shares during the last quarter. Jupiter Wealth Management LLC bought a new stake in iShares iBonds Dec 2033 Term Corporate ETF during the 2nd quarter worth $120,000. Ameriprise Financial Inc. increased its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 1,637.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 175,946 shares of the company’s stock worth $4,559,000 after purchasing an additional 165,821 shares in the last quarter. Evergreen Private Wealth LLC increased its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 6.1% in the 4th quarter. Evergreen Private Wealth LLC now owns 133,371 shares of the company’s stock worth $3,486,000 after purchasing an additional 7,612 shares in the last quarter. Finally, Arrow Financial Corp raised its position in iShares iBonds Dec 2033 Term Corporate ETF by 0.8% in the fourth quarter. Arrow Financial Corp now owns 555,895 shares of the company’s stock valued at $14,531,000 after purchasing an additional 4,543 shares during the last quarter.

iShares iBonds Dec 2033 Term Corporate ETF Company Profile

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.