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

Shares of iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $25.11 and last traded at $25.11, with a volume of 59743 shares trading hands. The stock had previously closed at $25.19.

iShares iBonds Dec 2028 Term Corporate ETF Stock Performance

The company has a 50 day moving average of $25.19 and a 200 day moving average of $25.30.

Institutional Investors Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

Several large investors have recently modified their holdings of IBDT. Sunbelt Securities Inc. acquired a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the third quarter worth about $26,000. BOKF NA acquired a new position in shares of iShares iBonds Dec 2028 Term Corporate ETF in the 4th quarter valued at approximately $108,000. Ascentis Independent Advisors acquired a new position in shares of iShares iBonds Dec 2028 Term Corporate ETF in the 1st quarter valued at approximately $124,000. Flagship Harbor Advisors LLC bought a new stake in iShares iBonds Dec 2028 Term Corporate ETF during the 4th quarter worth approximately $131,000. Finally, Bogart Wealth LLC increased its stake in iShares iBonds Dec 2028 Term Corporate ETF by 47.0% during the 1st quarter. Bogart Wealth LLC now owns 7,978 shares of the company’s stock worth $202,000 after purchasing an additional 2,549 shares in the last quarter.

iShares iBonds Dec 2028 Term Corporate ETF Company Profile

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.