iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDS) Hits New 12-Month Low – Here’s Why

iShares iBonds Dec 2027 Term Corporate ETF (NYSEARCA:IBDSGet Free Report)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $24.12 and last traded at $24.14, with a volume of 24696 shares traded. The stock had previously closed at $24.20.

iShares iBonds Dec 2027 Term Corporate ETF Trading Down 0.3%

The company has a fifty day simple moving average of $24.17 and a two-hundred day simple moving average of $24.20.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in iShares iBonds Dec 2027 Term Corporate ETF by 29.1% during the second quarter. JPMorgan Chase & Co. now owns 140,976 shares of the company’s stock worth $3,422,000 after purchasing an additional 31,756 shares during the period. Flow Traders U.S. LLC acquired a new position in iShares iBonds Dec 2027 Term Corporate ETF during the second quarter valued at approximately $266,000. Ameriprise Financial Inc. raised its position in shares of iShares iBonds Dec 2027 Term Corporate ETF by 18.7% in the second quarter. Ameriprise Financial Inc. now owns 1,501,886 shares of the company’s stock valued at $36,442,000 after purchasing an additional 236,150 shares during the period. Captrust Financial Advisors raised its position in shares of iShares iBonds Dec 2027 Term Corporate ETF by 8.7% in the second quarter. Captrust Financial Advisors now owns 767,151 shares of the company’s stock valued at $18,619,000 after purchasing an additional 61,365 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in shares of iShares iBonds Dec 2027 Term Corporate ETF by 13.2% in the third quarter. Integrated Wealth Concepts LLC now owns 219,945 shares of the company’s stock valued at $5,353,000 after purchasing an additional 25,708 shares during the period.

About iShares iBonds Dec 2027 Term Corporate ETF

(Get Free Report)

The iShares iBonds Dec 2027 Term Corporate ETF (IBDS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg global index of USD-denominated, investment-grade corporate bonds maturing between December 31, 2026 and December 16, 2027. IBDS was launched on Sep 12, 2017 and is managed by BlackRock.

Further Reading

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