iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Stock Price Down 0.3% – What’s Next?

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY)’s share price were down 0.3% during mid-day trading on Wednesday . The company traded as low as $25.48 and last traded at $25.49. Approximately 274,627 shares traded hands during mid-day trading, an increase of 108% from the average daily volume of 131,986 shares. The stock had previously closed at $25.56.

iShares iBonds Dec 2033 Term Corporate ETF Price Performance

The company’s 50 day moving average is $25.21 and its 200 day moving average is $25.63.

Institutional Investors Weigh In On iShares iBonds Dec 2033 Term Corporate ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in shares of iShares iBonds Dec 2033 Term Corporate ETF in the 3rd quarter valued at approximately $1,930,000. Adirondack Trust Co. grew its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 183.7% during the 4th quarter. Adirondack Trust Co. now owns 20,077 shares of the company’s stock worth $504,000 after acquiring an additional 13,000 shares during the last quarter. Confluence Investment Management LLC lifted its holdings in shares of iShares iBonds Dec 2033 Term Corporate ETF by 0.8% during the fourth quarter. Confluence Investment Management LLC now owns 311,170 shares of the company’s stock worth $7,810,000 after purchasing an additional 2,547 shares during the period. Captrust Financial Advisors increased its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 7.1% in the third quarter. Captrust Financial Advisors now owns 27,888 shares of the company’s stock valued at $736,000 after purchasing an additional 1,840 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in shares of iShares iBonds Dec 2033 Term Corporate ETF in the 3rd quarter valued at about $1,487,000.

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.