iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Shares Down 0.2% – Time to Sell?

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW)’s share price dropped 0.2% during trading on Friday . The stock traded as low as $21.28 and last traded at $21.29. Approximately 141,156 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 334,681 shares. The stock had previously closed at $21.33.

iShares iBonds Dec 2031 Term Corporate ETF Price Performance

The business has a 50 day moving average price of $21.21 and a two-hundred day moving average price of $21.02.

Institutional Investors Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Peloton Wealth Strategists lifted its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 1.0% in the third quarter. Peloton Wealth Strategists now owns 201,350 shares of the company’s stock worth $4,273,000 after buying an additional 2,000 shares in the last quarter. NewEdge Advisors LLC increased its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 30.1% in the 3rd quarter. NewEdge Advisors LLC now owns 1,136,720 shares of the company’s stock valued at $24,121,000 after acquiring an additional 262,710 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 3.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 31,750 shares of the company’s stock valued at $674,000 after acquiring an additional 1,184 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in iShares iBonds Dec 2031 Term Corporate ETF by 32.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,076,772 shares of the company’s stock worth $44,108,000 after purchasing an additional 511,560 shares in the last quarter. Finally, FourThought Financial Partners LLC bought a new position in shares of iShares iBonds Dec 2031 Term Corporate ETF during the 3rd quarter valued at about $339,000.

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.