iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Shares Up 0.1% – Time to Buy?

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) shot up 0.1% on Friday . The stock traded as high as $26.19 and last traded at $26.16. 168,383 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 229,147 shares. The stock had previously closed at $26.13.

iShares iBonds Dec 2033 Term Corporate ETF Trading Up 0.1%

The company’s fifty day moving average price is $26.16 and its 200-day moving average price is $26.08.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Montecito Bank & Trust increased its stake in iShares iBonds Dec 2033 Term Corporate ETF by 5.9% during the fourth quarter. Montecito Bank & Trust now owns 25,598 shares of the company’s stock worth $669,000 after acquiring an additional 1,431 shares during the last quarter. Adirondack Trust Co. raised its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 15.4% in the 4th quarter. Adirondack Trust Co. now owns 59,751 shares of the company’s stock valued at $1,561,000 after buying an additional 7,986 shares during the period. IFP Advisors Inc boosted its stake in iShares iBonds Dec 2033 Term Corporate ETF by 3.1% during the third quarter. IFP Advisors Inc now owns 23,875 shares of the company’s stock worth $626,000 after buying an additional 719 shares during the period. Flow Traders U.S. LLC increased its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 660.2% during the third quarter. Flow Traders U.S. LLC now owns 95,031 shares of the company’s stock valued at $2,493,000 after acquiring an additional 82,530 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 214.8% during the third quarter. Ameriprise Financial Inc. now owns 553,935 shares of the company’s stock valued at $14,530,000 after acquiring an additional 377,989 shares during the last quarter.

About iShares iBonds Dec 2033 Term Corporate ETF

The iShares iBonds Dec 2033 Term Corporate ETF (IBDY) 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, 2033, and December 15, 2033. IBDY was launched on Jun 21, 2023 and is managed by BlackRock.