iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) Stock Price Down 0.2% – Here’s Why

iShares iBonds Dec 2033 Term Corporate ETF (NYSEARCA:IBDY) were down 0.2% during trading on Thursday . The company traded as low as $25.49 and last traded at $25.54. Approximately 166,800 shares were traded during trading, an increase of 51% from the average daily volume of 110,498 shares. The stock had previously closed at $25.59.

iShares iBonds Dec 2033 Term Corporate ETF Trading Down 0.4 %

The company’s 50 day moving average price is $26.10 and its 200-day moving average price is $25.57.

Hedge Funds Weigh In On iShares iBonds Dec 2033 Term Corporate ETF

A number of hedge funds have recently made changes to their positions in IBDY. First Interstate Bank raised its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 103.9% during the second quarter. First Interstate Bank now owns 1,989,718 shares of the company’s stock valued at $50,141,000 after purchasing an additional 1,014,020 shares during the period. Arrow Financial Corp lifted its holdings in iShares iBonds Dec 2033 Term Corporate ETF by 15.0% in the 2nd quarter. Arrow Financial Corp now owns 513,854 shares of the company’s stock worth $12,949,000 after buying an additional 67,006 shares in the last quarter. Montecito Bank & Trust boosted its position in iShares iBonds Dec 2033 Term Corporate ETF by 53.0% in the 3rd quarter. Montecito Bank & Trust now owns 27,155 shares of the company’s stock valued at $717,000 after buying an additional 9,412 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of iShares iBonds Dec 2033 Term Corporate ETF by 6.2% during the second quarter. Parallel Advisors LLC now owns 95,713 shares of the company’s stock valued at $2,412,000 after acquiring an additional 5,579 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its position in shares of iShares iBonds Dec 2033 Term Corporate ETF by 7.3% during the second quarter. Archford Capital Strategies LLC now owns 74,863 shares of the company’s stock worth $1,887,000 after acquiring an additional 5,096 shares during 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.