iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Reaches New 1-Year Low – What’s Next?

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) reached a new 52-week low during trading on Thursday . The company traded as low as $22.98 and last traded at $22.99, with a volume of 8941 shares. The stock had previously closed at $23.05.

iShares iBonds Dec 2029 Term Corporate ETF Trading Up 0.1%

The business’s 50-day simple moving average is $23.10 and its 200 day simple moving average is $23.26.

Institutional Trading of iShares iBonds Dec 2029 Term Corporate ETF

A number of hedge funds have recently bought and sold shares of IBDU. MTM Investment Management LLC bought a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the first quarter valued at about $36,000. Ballast Advisors LLC bought a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 1st quarter worth approximately $40,000. High Note Wealth LLC acquired a new stake in iShares iBonds Dec 2029 Term Corporate ETF in the fourth quarter worth about $105,000. GAMMA Investing LLC grew its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 9.4% during the fourth quarter. GAMMA Investing LLC now owns 5,284 shares of the company’s stock worth $124,000 after acquiring an additional 452 shares during the last quarter. Finally, BOKF NA acquired a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter valued at about $126,000.

About iShares iBonds Dec 2029 Term Corporate ETF

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.