iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Reaches New 52-Week Low – Should You Sell?

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) hit a new 52-week low during trading on Friday . The company traded as low as $25.00 and last traded at $25.0050, with a volume of 740914 shares changing hands. The stock had previously closed at $25.02.

iShares iBonds Dec 2028 Term Corporate ETF Price Performance

The company’s 50 day moving average price is $25.16 and its two-hundred day moving average price is $25.24.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its position in shares of iShares iBonds Dec 2028 Term Corporate ETF by 1.9% in the second quarter. Ameriprise Financial Inc. now owns 1,585,429 shares of the company’s stock valued at $40,293,000 after purchasing an additional 30,001 shares in the last quarter. RVW Wealth LLC increased its stake in iShares iBonds Dec 2028 Term Corporate ETF by 4.1% during the second quarter. RVW Wealth LLC now owns 1,206,680 shares of the company’s stock worth $30,469,000 after acquiring an additional 47,454 shares during the last quarter. Captrust Financial Advisors increased its stake in iShares iBonds Dec 2028 Term Corporate ETF by 17.5% during the fourth quarter. Captrust Financial Advisors now owns 869,275 shares of the company’s stock worth $22,127,000 after acquiring an additional 129,204 shares during the last quarter. NewEdge Advisors LLC raised its position in iShares iBonds Dec 2028 Term Corporate ETF by 277.9% in the fourth quarter. NewEdge Advisors LLC now owns 750,929 shares of the company’s stock valued at $19,115,000 after purchasing an additional 552,205 shares during the period. Finally, Arrow Financial Corp raised its position in iShares iBonds Dec 2028 Term Corporate ETF by 3.4% in the fourth quarter. Arrow Financial Corp now owns 563,080 shares of the company’s stock valued at $14,333,000 after purchasing an additional 18,609 shares during the period.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

The iShares iBonds Dec 2028 Term Corporate ETF (IBDT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index of USD-denominated, investment-grade corporate bonds maturing between Jan 1 and Dec 15, 2028. IBDT was launched on Sep 18, 2018 and is managed by BlackRock.