iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Hits New 52-Week Low – Time to Sell?

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) reached a new 52-week low during trading on Monday . The company traded as low as $21.31 and last traded at $21.3050, with a volume of 703904 shares traded. The stock had previously closed at $21.31.

iShares iBonds Dec 2030 Term Corporate ETF Stock Down 0.1%

The business has a 50-day moving average of $21.59 and a 200-day moving average of $21.76.

Institutional Investors Weigh In On iShares iBonds Dec 2030 Term Corporate ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. High Note Wealth LLC acquired a new position in iShares iBonds Dec 2030 Term Corporate ETF during the fourth quarter worth approximately $25,000. Ballast Advisors LLC acquired a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF in the first quarter valued at approximately $30,000. NBH Bank bought a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF during the second quarter worth approximately $86,000. GAMMA Investing LLC lifted its holdings in iShares iBonds Dec 2030 Term Corporate ETF by 966.9% during the 2nd quarter. GAMMA Investing LLC now owns 8,866 shares of the company’s stock worth $193,000 after purchasing an additional 8,035 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. bought a new position in iShares iBonds Dec 2030 Term Corporate ETF during the 4th quarter worth $213,000.

About iShares iBonds Dec 2030 Term Corporate ETF

The iShares iBonds Dec 2030 Term Corporate ETF (IBDV) 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, 2029. IBDV was launched on Jun 23, 2020 and is managed by BlackRock.