iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Trading 0% Higher – Still a Buy?

Shares of iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) were up 0% during trading on Monday . The stock traded as high as $21.20 and last traded at $21.18. Approximately 670,405 shares were traded during trading, an increase of 9% from the average daily volume of 614,943 shares. The stock had previously closed at $21.17.

iShares iBonds Dec 2031 Term Corporate ETF Stock Up 0.0%

The stock’s fifty day simple moving average is $21.16 and its two-hundred day simple moving average is $21.17.

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

Institutional investors have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC raised its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 22.6% in the 3rd quarter. Harbor Investment Advisory LLC now owns 3,065 shares of the company’s stock worth $65,000 after purchasing an additional 565 shares during the period. BOKF NA acquired a new stake in iShares iBonds Dec 2031 Term Corporate ETF during the 4th quarter worth approximately $69,000. CNB Bank purchased a new position in iShares iBonds Dec 2031 Term Corporate ETF in the third quarter valued at approximately $129,000. Bogart Wealth LLC lifted its position in iShares iBonds Dec 2031 Term Corporate ETF by 19.9% during the fourth quarter. Bogart Wealth LLC now owns 6,291 shares of the company’s stock valued at $133,000 after buying an additional 1,043 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its position in iShares iBonds Dec 2031 Term Corporate ETF by 44.3% during the second quarter. Princeton Global Asset Management LLC now owns 10,491 shares of the company’s stock valued at $221,000 after buying an additional 3,221 shares in the last quarter.

About iShares iBonds Dec 2031 Term Corporate ETF

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.