iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Stock Price Down 0.4% – Here’s Why

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) shares dropped 0.4% on Tuesday . The stock traded as low as $26.08 and last traded at $26.09. Approximately 314,891 shares changed hands during trading, an increase of 58% from the average daily volume of 199,117 shares. The stock had previously closed at $26.20.

iShares iBonds Dec 2033 Term Corporate ETF Stock Performance

The stock has a 50 day simple moving average of $26.21 and a two-hundred day simple moving average of $26.20.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC grew its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 7.6% during the 4th quarter. Advisory Services Network LLC now owns 16,632 shares of the company’s stock worth $435,000 after purchasing an additional 1,172 shares during the period. Captrust Financial Advisors boosted its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 9.8% during the fourth quarter. Captrust Financial Advisors now owns 42,895 shares of the company’s stock worth $1,121,000 after buying an additional 3,835 shares in the last quarter. 10Elms LLP boosted its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 12.4% during the fourth quarter. 10Elms LLP now owns 5,900 shares of the company’s stock worth $154,000 after buying an additional 650 shares in the last quarter. Lyell Wealth Management LP grew its position in iShares iBonds Dec 2033 Term Corporate ETF by 46.8% during the fourth quarter. Lyell Wealth Management LP now owns 173,645 shares of the company’s stock valued at $4,539,000 after buying an additional 55,375 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 7.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 359,078 shares of the company’s stock valued at $9,386,000 after buying an additional 25,176 shares in 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.