iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Hits New 12-Month Low – Time to Sell?

Shares of iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) hit a new 52-week low on Wednesday . The stock traded as low as $24.80 and last traded at $24.8040, with a volume of 10348 shares changing hands. The stock had previously closed at $24.97.

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

The stock has a fifty day simple moving average of $25.26 and a 200-day simple moving average of $25.59.

Hedge Funds Weigh In On iShares iBonds Dec 2033 Term Corporate ETF

Several large investors have recently made changes to their positions in the company. Lyell Wealth Management LP grew its stake in iShares iBonds Dec 2033 Term Corporate ETF by 46.8% in the 4th quarter. Lyell Wealth Management LP now owns 173,645 shares of the company’s stock valued at $4,539,000 after acquiring an additional 55,375 shares during the period. Roble Belko & Company Inc raised its position in iShares iBonds Dec 2033 Term Corporate ETF by 1,015.7% during the first quarter. Roble Belko & Company Inc now owns 53,396 shares of the company’s stock worth $1,380,000 after acquiring an additional 48,610 shares during the period. Janney Montgomery Scott LLC lifted its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 8.1% during the first quarter. Janney Montgomery Scott LLC now owns 388,257 shares of the company’s stock valued at $10,036,000 after purchasing an additional 29,179 shares in the last quarter. Ancora Advisors LLC purchased a new position in iShares iBonds Dec 2033 Term Corporate ETF during the second quarter valued at $739,000. Finally, Parallel Advisors LLC grew its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 6.6% in the fourth quarter. Parallel Advisors LLC now owns 210,833 shares of the company’s stock valued at $5,511,000 after purchasing an additional 12,966 shares during the period.

iShares iBonds Dec 2033 Term Corporate ETF Company Profile

The iShares iBonds Dec 2033 Term Corporate ETF (IBDY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index composed of USD-denominated, investment-grade corporate bonds maturing between January 1, 2033, and December 15, 2033. IBDY was launched on Jun 21, 2023 and is managed by BlackRock.