iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Trading Up 0.1% – Time to Buy?

Shares of iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) traded up 0.1% during trading on Thursday . The stock traded as high as $25.73 and last traded at $25.69. 123,152 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 217,164 shares. The stock had previously closed at $25.67.

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

The stock has a 50-day moving average price of $25.80 and a 200 day moving average price of $26.03.

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

Several hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC raised its stake in iShares iBonds Dec 2033 Term Corporate ETF by 431.5% during the first quarter. Bogart Wealth LLC now owns 3,040 shares of the company’s stock worth $79,000 after purchasing an additional 2,468 shares during the period. Jupiter Wealth Management LLC purchased a new position in shares of iShares iBonds Dec 2033 Term Corporate ETF in the 2nd quarter worth $120,000. 10Elms LLP boosted its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 275.0% in the third quarter. 10Elms LLP now owns 5,250 shares of the company’s stock valued at $138,000 after acquiring an additional 3,850 shares during the last quarter. Dearborn Partners LLC purchased a new stake in iShares iBonds Dec 2033 Term Corporate ETF during the fourth quarter valued at about $206,000. Finally, Bessemer Group Inc. purchased a new stake in iShares iBonds Dec 2033 Term Corporate ETF during the first quarter valued at about $241,000.

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.