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

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $21.55 and last traded at $21.65, with a volume of 42240 shares trading hands. The stock had previously closed at $21.62.

iShares iBonds Dec 2030 Term Corporate ETF Stock Performance

The stock has a 50 day moving average price of $21.66 and a two-hundred day moving average price of $21.82.

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

A number of large investors have recently added to or reduced their stakes in the stock. High Note Wealth LLC bought a new position in shares of iShares iBonds Dec 2030 Term Corporate ETF in the fourth quarter worth $25,000. Ballast Advisors LLC bought a new stake in shares of iShares iBonds Dec 2030 Term Corporate ETF during the 1st quarter valued at approximately $30,000. BOKF NA acquired a new position in iShares iBonds Dec 2030 Term Corporate ETF during the 4th quarter worth approximately $68,000. NBH Bank acquired a new position in iShares iBonds Dec 2030 Term Corporate ETF during the 2nd quarter worth approximately $86,000. Finally, Valley Wealth Managers Inc. lifted its stake in iShares iBonds Dec 2030 Term Corporate ETF by 240.4% in 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 last quarter.

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.