iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Trading Down 0.3% – Should You Sell?

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDYGet Free Report) traded down 0.3% during mid-day trading on Wednesday . The stock traded as low as $25.08 and last traded at $25.10. 216,331 shares traded hands during trading, an increase of 86% from the average session volume of 116,386 shares. The stock had previously closed at $25.17.

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

The stock has a fifty day moving average price of $25.45 and a 200-day moving average price of $25.71.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Confluence Investment Management LLC raised its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 0.8% in the fourth quarter. Confluence Investment Management LLC now owns 311,170 shares of the company’s stock worth $7,810,000 after buying an additional 2,547 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of iShares iBonds Dec 2033 Term Corporate ETF in the third quarter worth about $1,930,000. Flow Traders U.S. LLC acquired a new stake in iShares iBonds Dec 2033 Term Corporate ETF during the third quarter worth about $1,487,000. Captrust Financial Advisors boosted its position in iShares iBonds Dec 2033 Term Corporate ETF by 7.1% in the 3rd quarter. Captrust Financial Advisors now owns 27,888 shares of the company’s stock worth $736,000 after purchasing an additional 1,840 shares in the last quarter. Finally, Arrow Financial Corp grew its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 6.4% during the 3rd quarter. Arrow Financial Corp now owns 546,730 shares of the company’s stock worth $14,434,000 after purchasing an additional 32,876 shares during the period.

About iShares iBonds Dec 2033 Term Corporate ETF

(Get Free Report)

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.

Further Reading

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