iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Reaches New 52-Week Low – What’s Next?

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $20.41 and last traded at $20.41, with a volume of 140326 shares traded. The stock had previously closed at $20.45.

iShares iBonds Dec 2031 Term Corporate ETF Trading Down 0.6%

The stock’s 50-day moving average is $20.61 and its 200-day moving average is $20.81.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Several large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its stake in shares of iShares iBonds Dec 2031 Term Corporate ETF by 5.4% in the first quarter. Integrated Wealth Concepts LLC now owns 28,640 shares of the company’s stock valued at $594,000 after purchasing an additional 1,465 shares during the period. JPMorgan Chase & Co. grew its stake in shares of iShares iBonds Dec 2031 Term Corporate ETF by 47.6% during the second quarter. JPMorgan Chase & Co. now owns 143,481 shares of the company’s stock valued at $3,019,000 after acquiring an additional 46,291 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 20.0% during the second quarter. Ameriprise Financial Inc. now owns 1,565,212 shares of the company’s stock worth $32,846,000 after acquiring an additional 260,759 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of iShares iBonds Dec 2031 Term Corporate ETF by 30.1% in the third quarter. NewEdge Advisors LLC now owns 1,136,720 shares of the company’s stock worth $24,121,000 after acquiring an additional 262,710 shares in the last quarter. Finally, Peloton Wealth Strategists boosted its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 1.0% in the third quarter. Peloton Wealth Strategists now owns 201,350 shares of the company’s stock valued at $4,273,000 after purchasing an additional 2,000 shares during the last quarter.

iShares iBonds Dec 2031 Term Corporate ETF Company Profile

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) 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, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.