iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Reaches New 1-Year Low – Time to Sell?

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $24.80 and last traded at $24.8040, with a volume of 10348 shares. The stock had previously closed at $24.97.

iShares iBonds Dec 2033 Term Corporate ETF Stock Down 0.5%

The stock has a 50 day moving average price of $25.22 and a two-hundred day moving average price of $25.57.

Hedge Funds Weigh In On iShares iBonds Dec 2033 Term Corporate ETF

A number of large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in iShares iBonds Dec 2033 Term Corporate ETF by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 388,257 shares of the company’s stock worth $10,036,000 after purchasing an additional 29,179 shares during the last quarter. Roble Belko & Company Inc boosted its position in iShares iBonds Dec 2033 Term Corporate ETF by 1,015.7% in the 1st quarter. Roble Belko & Company Inc now owns 53,396 shares of the company’s stock valued at $1,380,000 after buying an additional 48,610 shares during the last quarter. Lyell Wealth Management LP increased its stake 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 valued at $4,539,000 after buying an additional 55,375 shares during the period. Dearborn Partners LLC bought a new stake in shares of iShares iBonds Dec 2033 Term Corporate ETF during the fourth quarter worth $206,000. Finally, Parallel Advisors LLC lifted its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 6.6% during the fourth quarter. Parallel Advisors LLC now owns 210,833 shares of the company’s stock valued at $5,511,000 after acquiring an additional 12,966 shares during the period.

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.