iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) Share Price Pass Below 200-Day Moving Average – Should You Sell?

iShares iBonds Dec 2030 Term Corporate ETF (NYSEARCA:IBDV) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.63 and traded as low as $21.61. iShares iBonds Dec 2030 Term Corporate ETF shares last traded at $21.66, with a volume of 247,592 shares.

iShares iBonds Dec 2030 Term Corporate ETF Stock Performance

The business’s 50 day simple moving average is $21.78 and its 200 day simple moving average is $21.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank lifted its stake in iShares iBonds Dec 2030 Term Corporate ETF by 100.0% during the first quarter. Comerica Bank now owns 19,042 shares of the company’s stock worth $407,000 after purchasing an additional 9,523 shares during the period. Lyell Wealth Management LP raised its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 8.5% in the second quarter. Lyell Wealth Management LP now owns 236,645 shares of the company’s stock valued at $5,031,000 after acquiring an additional 18,610 shares during the last quarter. Farmers National Bank raised its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 3.5% in the second quarter. Farmers National Bank now owns 42,982 shares of the company’s stock valued at $914,000 after acquiring an additional 1,455 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 12,188.6% in the third quarter. Farther Finance Advisors LLC now owns 4,301 shares of the company’s stock valued at $95,000 after acquiring an additional 4,266 shares during the last quarter. Finally, Bogart Wealth LLC raised its stake in shares of iShares iBonds Dec 2030 Term Corporate ETF by 15.9% in the third quarter. Bogart Wealth LLC now owns 6,609 shares of the company’s stock valued at $147,000 after acquiring an additional 909 shares during the last quarter.

About iShares iBonds Dec 2030 Term Corporate ETF

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.