iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Shares Cross Below 200-Day Moving Average – Here’s Why

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $25.66 and traded as low as $25.62. iShares iBonds Dec 2033 Term Corporate ETF shares last traded at $25.70, with a volume of 246,608 shares traded.

iShares iBonds Dec 2033 Term Corporate ETF Trading Up 0.3 %

The company’s 50-day moving average is $25.81 and its 200-day moving average is $25.66.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBDY. First Interstate Bank lifted its stake in iShares iBonds Dec 2033 Term Corporate ETF by 103.9% in the 2nd quarter. First Interstate Bank now owns 1,989,718 shares of the company’s stock valued at $50,141,000 after purchasing an additional 1,014,020 shares during the last quarter. Arrow Financial Corp lifted its stake in iShares iBonds Dec 2033 Term Corporate ETF by 15.0% in the 2nd quarter. Arrow Financial Corp now owns 513,854 shares of the company’s stock valued at $12,949,000 after purchasing an additional 67,006 shares during the last quarter. Flow Traders U.S. LLC bought a new position in iShares iBonds Dec 2033 Term Corporate ETF in the 3rd quarter valued at approximately $1,487,000. Montecito Bank & Trust lifted its stake in iShares iBonds Dec 2033 Term Corporate ETF by 53.0% in the 3rd quarter. Montecito Bank & Trust now owns 27,155 shares of the company’s stock valued at $717,000 after purchasing an additional 9,412 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in iShares iBonds Dec 2033 Term Corporate ETF by 6.2% in the 2nd quarter. Parallel Advisors LLC now owns 95,713 shares of the company’s stock valued at $2,412,000 after purchasing an additional 5,579 shares during the last quarter.

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.