iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW) Shares Down 0.2% – Here’s Why

iShares iBonds Dec 2031 Term Corporate ETF (NYSEARCA:IBDW)’s stock price dropped 0.2% on Friday . The stock traded as low as $21.28 and last traded at $21.29. Approximately 141,156 shares changed hands during 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 Stock Performance

The stock’s 50 day moving average price is $21.21 and its 200-day moving average price is $21.02.

Hedge Funds Weigh In On iShares iBonds Dec 2031 Term Corporate ETF

A number of institutional investors have recently modified their holdings of the stock. Sarver Vrooman Wealth Advisors boosted its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 1.4% in the third quarter. Sarver Vrooman Wealth Advisors now owns 2,179,772 shares of the company’s stock valued at $46,255,000 after purchasing an additional 29,327 shares during the period. Ameriprise Financial Inc. increased its holdings in iShares iBonds Dec 2031 Term Corporate ETF by 32.7% during 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 during the period. NewEdge Advisors LLC raised its position in iShares iBonds Dec 2031 Term Corporate ETF by 30.1% during the 3rd quarter. NewEdge Advisors LLC now owns 1,136,720 shares of the company’s stock valued at $24,121,000 after purchasing an additional 262,710 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 5.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 386,395 shares of the company’s stock worth $8,130,000 after buying an additional 19,817 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of iShares iBonds Dec 2031 Term Corporate ETF by 122.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 319,029 shares of the company’s stock worth $6,770,000 after buying an additional 175,548 shares during the period.

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.