iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Reaches New 12-Month Low – Should You Sell?

iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.10 and last traded at $25.21, with a volume of 23624 shares traded. The stock had previously closed at $25.20.

iShares iBonds Dec 2028 Term Corporate ETF Stock Down 0.0%

The stock has a fifty day moving average of $25.18 and a 200-day moving average of $25.27.

Institutional Trading of iShares iBonds Dec 2028 Term Corporate ETF

Large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings 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 acquiring an additional 30,001 shares during the period. RVW Wealth LLC increased its stake in shares of 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 period. Captrust Financial Advisors boosted its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 17.5% in the 4th quarter. Captrust Financial Advisors now owns 869,275 shares of the company’s stock valued at $22,127,000 after purchasing an additional 129,204 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in iShares iBonds Dec 2028 Term Corporate ETF by 277.9% in the 4th 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 in the last quarter. Finally, Arrow Financial Corp increased its position in iShares iBonds Dec 2028 Term Corporate ETF by 3.4% during the 4th quarter. Arrow Financial Corp now owns 563,080 shares of the company’s stock worth $14,333,000 after purchasing an additional 18,609 shares during the period.

About iShares iBonds Dec 2028 Term Corporate ETF

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.