iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Trading Down 0.3% – Here’s Why

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) shares traded down 0.3% during mid-day trading on Wednesday . The stock traded as low as $25.08 and last traded at $25.10. 216,331 shares traded hands during trading, an increase of 86% from the average session volume of 116,386 shares. The stock had previously closed at $25.17.

iShares iBonds Dec 2033 Term Corporate ETF Stock Down 0.1 %

The stock has a fifty day moving average of $25.45 and a 200 day moving average of $25.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. First PREMIER Bank purchased a new position in shares of iShares iBonds Dec 2033 Term Corporate ETF in the 3rd quarter worth approximately $46,000. Adirondack Trust Co. boosted its stake in iShares iBonds Dec 2033 Term Corporate ETF by 20.6% during the third quarter. Adirondack Trust Co. now owns 7,077 shares of the company’s stock worth $187,000 after buying an additional 1,209 shares during the period. Montecito Bank & Trust increased its position in iShares iBonds Dec 2033 Term Corporate ETF by 53.0% during the third quarter. Montecito Bank & Trust now owns 27,155 shares of the company’s stock valued at $717,000 after acquiring an additional 9,412 shares during the last quarter. Captrust Financial Advisors increased its position in iShares iBonds Dec 2033 Term Corporate ETF by 7.1% during the third quarter. Captrust Financial Advisors now owns 27,888 shares of the company’s stock valued at $736,000 after acquiring an additional 1,840 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of iShares iBonds Dec 2033 Term Corporate ETF in the third quarter valued at $1,487,000.

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.