iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Hits New 12-Month Low – What’s Next?

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $21.42 and last traded at $21.4840, with a volume of 538159 shares trading hands. The stock had previously closed at $21.47.

iShares iBonds Dec 2030 Term Corporate ETF Price Performance

The firm has a fifty day moving average of $21.62 and a 200-day moving average of $21.79.

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

Hedge funds have recently added to or reduced their stakes in the stock. High Note Wealth LLC acquired a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF during the fourth quarter valued at $25,000. Ballast Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Corporate ETF in the 1st quarter worth about $30,000. BOKF NA bought a new stake in iShares iBonds Dec 2030 Term Corporate ETF in the 4th quarter valued at about $68,000. NBH Bank acquired a new position in iShares iBonds Dec 2030 Term Corporate ETF during the 2nd quarter valued at about $86,000. Finally, Valley Wealth Managers Inc. boosted its stake in iShares iBonds Dec 2030 Term Corporate ETF by 240.4% during the 4th quarter. Valley Wealth Managers Inc. now owns 4,531 shares of the company’s stock valued at $100,000 after purchasing an additional 3,200 shares during the period.

iShares iBonds Dec 2030 Term Corporate ETF Company Profile

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.