iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Hits New 1-Year Low – Should You Sell?

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) hit a new 52-week low on Thursday . The company traded as low as $21.63 and last traded at $21.65, with a volume of 1407726 shares changing hands. The stock had previously closed at $21.67.

iShares iBonds Dec 2030 Term Corporate ETF Price Performance

The stock has a 50-day moving average of $21.75 and a two-hundred day moving average of $21.93.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. High Note Wealth LLC acquired a new position in iShares iBonds Dec 2030 Term Corporate ETF in the 4th quarter valued at $25,000. Ballast Advisors LLC acquired a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF in the 1st quarter valued at $30,000. BOKF NA bought a new stake in shares of iShares iBonds Dec 2030 Term Corporate ETF in the fourth quarter worth about $68,000. Valley Wealth Managers Inc. increased 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 worth $100,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2030 Term Corporate ETF during the fourth quarter worth $132,000.

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.