iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Shares Down 0.2% – Here’s What Happened

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) traded down 0.2% during trading on Thursday . The company traded as low as $25.49 and last traded at $25.54. 166,800 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 110,498 shares. The stock had previously closed at $25.59.

iShares iBonds Dec 2033 Term Corporate ETF Stock Performance

The firm has a 50 day simple moving average of $26.12 and a two-hundred day simple moving average of $25.57.

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

Hedge funds have recently modified their holdings of the company. Montecito Bank & Trust raised its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 51.1% during the 2nd quarter. Montecito Bank & Trust now owns 17,743 shares of the company’s stock worth $447,000 after purchasing an additional 6,001 shares during the period. First Interstate Bank increased its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 103.9% during the second quarter. First Interstate Bank now owns 1,989,718 shares of the company’s stock worth $50,141,000 after buying an additional 1,014,020 shares during the last quarter. Comerica Bank raised its position in iShares iBonds Dec 2033 Term Corporate ETF by 84.1% in the first quarter. Comerica Bank now owns 7,099 shares of the company’s stock worth $181,000 after acquiring an additional 3,242 shares during the period. Adirondack Trust Co. boosted its stake 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 acquiring an additional 1,209 shares during the last quarter. Finally, First PREMIER Bank bought a new position in shares of iShares iBonds Dec 2033 Term Corporate ETF during the 3rd quarter valued at approximately $46,000.

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.