iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Stock Price Down 0.6% – Here’s Why

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) shares dropped 0.6% during trading on Tuesday . The stock traded as low as $21.02 and last traded at $21.05. Approximately 344,146 shares changed hands during trading, an increase of 14% from the average daily volume of 300,756 shares. The stock had previously closed at $21.17.

iShares iBonds Dec 2031 Term Corporate ETF Stock Performance

The firm has a 50-day simple moving average of $20.98 and a 200 day simple moving average of $20.75.

Institutional Trading of iShares iBonds Dec 2031 Term Corporate ETF

Several institutional investors and hedge funds have recently bought and sold shares of IBDW. Ameriprise Financial Inc. grew its position in iShares iBonds Dec 2031 Term Corporate ETF by 137.3% during the 4th quarter. Ameriprise Financial Inc. now owns 792,563 shares of the company’s stock worth $16,136,000 after purchasing an additional 458,522 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of iShares iBonds Dec 2031 Term Corporate ETF during the fourth quarter worth about $273,000. 10Elms LLP purchased a new position in shares of iShares iBonds Dec 2031 Term Corporate ETF during the fourth quarter worth about $41,000. Adirondack Trust Co. grew its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 10.4% during the first quarter. Adirondack Trust Co. now owns 111,414 shares of the company’s stock worth $2,312,000 after buying an additional 10,499 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its position in iShares iBonds Dec 2031 Term Corporate ETF by 9.5% in the 1st quarter. Princeton Global Asset Management LLC now owns 7,270 shares of the company’s stock valued at $151,000 after acquiring an additional 628 shares during the period.

iShares iBonds Dec 2031 Term Corporate ETF Company Profile

The iShares iBonds Dec 2031 Term Corporate ETF (IBDW) 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, 2031 and December 15, 2031. IBDW was launched on Jun 22, 2021 and is managed by BlackRock.