iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Hits New 1-Year Low – Here’s Why

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $22.92 and last traded at $22.94, with a volume of 24503 shares. The stock had previously closed at $23.05.

iShares iBonds Dec 2029 Term Corporate ETF Price Performance

The company has a 50-day moving average price of $23.06 and a 200-day moving average price of $23.18.

Hedge Funds Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

Several institutional investors and hedge funds have recently modified their holdings of IBDU. MTM Investment Management LLC acquired a new stake in iShares iBonds Dec 2029 Term Corporate ETF during the first quarter worth approximately $36,000. Ballast Advisors LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 1st quarter worth $40,000. High Note Wealth LLC purchased a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter worth $105,000. BOKF NA acquired a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter worth $126,000. Finally, Bogart Wealth LLC boosted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 48.6% during the first quarter. Bogart Wealth LLC now owns 8,457 shares of the company’s stock worth $197,000 after purchasing an additional 2,764 shares during the last quarter.

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.