iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Reaches New 52-Week Low – Here’s Why

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $23.00 and last traded at $23.09, with a volume of 35428 shares. The stock had previously closed at $23.07.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

The firm’s fifty day simple moving average is $23.18 and its 200 day simple moving average is $23.31.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbor Investment Advisory LLC grew its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 164.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 65,092 shares of the company’s stock worth $1,523,000 after acquiring an additional 40,456 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 201.9% in the third quarter. JPMorgan Chase & Co. now owns 160,004 shares of the company’s stock worth $3,755,000 after purchasing an additional 107,010 shares in the last quarter. Curbstone Financial Management Corp bought a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the fourth quarter worth $645,000. Praetorian Wealth Management Inc. boosted its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 10.5% during the fourth quarter. Praetorian Wealth Management Inc. now owns 270,419 shares of the company’s stock worth $6,329,000 after purchasing an additional 25,593 shares during the last quarter. Finally, Lyell Wealth Management LP boosted its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 21.7% during the fourth quarter. Lyell Wealth Management LP now owns 486,066 shares of the company’s stock worth $11,376,000 after purchasing an additional 86,833 shares during the last quarter.

iShares iBonds Dec 2029 Term Corporate ETF Company Profile

The iShares iBonds Dec 2029 Term Corporate ETF (IBDU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a Bloomberg index of USD-denominated, investment-grade corporate bonds maturing between Jan 1 and Dec 15, 2029. IBDU was launched on Sep 17, 2019 and is managed by BlackRock.