iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Stock Cross Above Fifty Day Moving Average – Here’s What Happened

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) shares passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $24.84 and traded as high as $24.89. iShares iBonds Dec 2033 Term Corporate ETF shares last traded at $24.88, with a volume of 300,868 shares changing hands.

iShares iBonds Dec 2033 Term Corporate ETF Stock Performance

The company’s 50-day moving average is $24.84 and its 200-day moving average is $25.57.

Institutional Trading of iShares iBonds Dec 2033 Term Corporate ETF

Several hedge funds have recently made changes to their positions in the company. Ballast Advisors LLC acquired a new stake in shares of iShares iBonds Dec 2033 Term Corporate ETF during the 1st quarter worth approximately $30,000. Bank of New Hampshire purchased a new stake in shares of iShares iBonds Dec 2033 Term Corporate ETF during the 3rd quarter valued at approximately $73,000. Bogart Wealth LLC lifted its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 431.5% in the first quarter. Bogart Wealth LLC now owns 3,040 shares of the company’s stock valued at $79,000 after acquiring an additional 2,468 shares during the last quarter. Bullock Wealth Management Group acquired a new position in iShares iBonds Dec 2033 Term Corporate ETF in the third quarter valued at approximately $206,000. Finally, Bessemer Group Inc. acquired a new position in iShares iBonds Dec 2033 Term Corporate ETF in the first quarter valued at approximately $241,000.

About iShares iBonds Dec 2033 Term Corporate ETF

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.