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

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) shares fell 0.3% on Wednesday . The company traded as low as $25.08 and last traded at $25.10. 216,331 shares changed hands during trading, an increase of 86% from the average session volume of 116,386 shares. The stock had previously closed at $25.17.

iShares iBonds Dec 2033 Term Corporate ETF Trading Down 0.3 %

The company’s 50 day moving average is $25.46 and its 200-day moving average is $25.72.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. First Interstate Bank boosted its stake in iShares iBonds Dec 2033 Term Corporate ETF by 103.9% during the 2nd quarter. First Interstate Bank now owns 1,989,718 shares of the company’s stock valued at $50,141,000 after acquiring an additional 1,014,020 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 6.2% during the second quarter. Parallel Advisors LLC now owns 95,713 shares of the company’s stock worth $2,412,000 after purchasing an additional 5,579 shares during the last quarter. First PREMIER Bank acquired a new position in iShares iBonds Dec 2033 Term Corporate ETF in the third quarter worth about $46,000. Adirondack Trust Co. increased its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 20.6% in the third quarter. Adirondack Trust Co. now owns 7,077 shares of the company’s stock valued at $187,000 after buying an additional 1,209 shares during the last quarter. Finally, Montecito Bank & Trust raised its stake in iShares iBonds Dec 2033 Term Corporate ETF by 53.0% during the third quarter. Montecito Bank & Trust now owns 27,155 shares of the company’s stock valued at $717,000 after buying an additional 9,412 shares in the last quarter.

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.