iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Hits New 1-Year Low – What’s Next?

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) shares hit a new 52-week low during trading on Wednesday. The company traded as low as $20.20 and last traded at $20.20, with a volume of 29674 shares traded. The stock had previously closed at $20.30.

iShares iBonds Dec 2031 Term Corporate ETF Price Performance

The firm has a 50 day moving average of $20.52 and a two-hundred day moving average of $20.74.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Several large investors have recently modified their holdings of the stock. Sarver Vrooman Wealth Advisors increased its stake in iShares iBonds Dec 2031 Term Corporate ETF by 6.3% during the 4th quarter. Sarver Vrooman Wealth Advisors now owns 2,316,263 shares of the company’s stock valued at $48,989,000 after purchasing an additional 136,491 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 478,622 shares of the company’s stock valued at $10,018,000 after buying an additional 32,344 shares during the last quarter. Lyell Wealth Management LP increased its position in shares of iShares iBonds Dec 2031 Term Corporate ETF by 16.1% during the fourth quarter. Lyell Wealth Management LP now owns 332,277 shares of the company’s stock valued at $7,028,000 after acquiring an additional 46,181 shares in the last quarter. Praetorian Wealth Management Inc. raised its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 3.5% in the 2nd quarter. Praetorian Wealth Management Inc. now owns 306,517 shares of the company’s stock worth $6,388,000 after acquiring an additional 10,273 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 1.8% in the 1st quarter. Parallel Advisors LLC now owns 292,121 shares of the company’s stock worth $6,114,000 after acquiring an additional 5,198 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.