iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Reaches New 52-Week Low – Should You Sell?

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $22.77 and last traded at $22.8040, with a volume of 540462 shares changing hands. The stock had previously closed at $22.78.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

The company’s 50 day simple moving average is $23.00 and its 200 day simple moving average is $23.12.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IBDU. Heartland Bank & Trust Co increased its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 401.6% during the 1st quarter. Heartland Bank & Trust Co now owns 148,493 shares of the company’s stock valued at $3,454,000 after purchasing an additional 118,889 shares during the period. Spinnaker Trust lifted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 34.8% in the first quarter. Spinnaker Trust now owns 410,790 shares of the company’s stock valued at $9,555,000 after buying an additional 106,073 shares during the period. Lyell Wealth Management LP lifted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 21.7% in the fourth quarter. Lyell Wealth Management LP now owns 486,066 shares of the company’s stock valued at $11,376,000 after buying an additional 86,833 shares during the period. Roble Belko & Company Inc boosted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 174.7% during the first quarter. Roble Belko & Company Inc now owns 119,309 shares of the company’s stock valued at $2,775,000 after buying an additional 75,870 shares in the last quarter. Finally, RVW Wealth LLC boosted its stake in iShares iBonds Dec 2029 Term Corporate ETF by 5.4% during the second quarter. RVW Wealth LLC now owns 1,210,684 shares of the company’s stock valued at $28,039,000 after buying an additional 61,905 shares in 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.