iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) Sets New 1-Year Low – Here’s Why

Shares of iShares iBonds Dec 2028 Term Corporate ETF (NYSEARCA:IBDT) reached a new 52-week low on Tuesday . The company traded as low as $25.06 and last traded at $25.07, with a volume of 8715 shares. The stock had previously closed at $25.17.

iShares iBonds Dec 2028 Term Corporate ETF Stock Down 0.4%

The business has a 50 day moving average of $25.18 and a two-hundred day moving average of $25.26.

Hedge Funds Weigh In On iShares iBonds Dec 2028 Term Corporate ETF

Several large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. bought a new position in shares of iShares iBonds Dec 2028 Term Corporate ETF in the third quarter valued at about $26,000. BOKF NA bought a new stake in shares of iShares iBonds Dec 2028 Term Corporate ETF during the 4th quarter worth about $108,000. Ascentis Independent Advisors acquired a new position in iShares iBonds Dec 2028 Term Corporate ETF in the 1st quarter valued at about $124,000. Bogart Wealth LLC grew its stake in iShares iBonds Dec 2028 Term Corporate ETF by 47.0% in the 1st quarter. Bogart Wealth LLC now owns 7,978 shares of the company’s stock valued at $202,000 after buying an additional 2,549 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in iShares iBonds Dec 2028 Term Corporate ETF in the 1st quarter valued at about $235,000.

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.