iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) Hits New 1-Year Low – Should You Sell?

iShares iBonds Dec 2032 Term Corporate ETF (NYSEARCA:IBDX) shares reached a new 52-week low on Monday . The company traded as low as $24.89 and last traded at $24.90, with a volume of 73891 shares changing hands. The stock had previously closed at $24.97.

iShares iBonds Dec 2032 Term Corporate ETF Trading Up 0.4%

The stock’s 50-day simple moving average is $25.10 and its 200 day simple moving average is $25.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cary Street Partners Financial LLC grew its holdings in iShares iBonds Dec 2032 Term Corporate ETF by 2.8% in the 4th quarter. Cary Street Partners Financial LLC now owns 14,221 shares of the company’s stock valued at $363,000 after buying an additional 392 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of iShares iBonds Dec 2032 Term Corporate ETF by 2.1% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 28,447 shares of the company’s stock worth $719,000 after buying an additional 579 shares in the last quarter. IFP Advisors Inc boosted its position in shares of iShares iBonds Dec 2032 Term Corporate ETF by 2.8% in the third quarter. IFP Advisors Inc now owns 33,176 shares of the company’s stock valued at $850,000 after acquiring an additional 888 shares during the period. Newman Dignan & Sheerar Inc. grew its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 11.6% in the fourth quarter. Newman Dignan & Sheerar Inc. now owns 9,449 shares of the company’s stock valued at $241,000 after acquiring an additional 985 shares in the last quarter. Finally, Farmers National Bank grew its stake in shares of iShares iBonds Dec 2032 Term Corporate ETF by 3.4% in the fourth quarter. Farmers National Bank now owns 31,981 shares of the company’s stock valued at $816,000 after acquiring an additional 1,040 shares in the last quarter.

iShares iBonds Dec 2032 Term Corporate ETF Company Profile

The iShares iBonds Dec 2032 Term Corporate ETF (IBDX) 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 January 1, 2032 and December 15, 2032. IBDX was launched on Jun 28, 2022 and is managed by BlackRock.