iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Reaches New 12-Month Low – Time to Sell?

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) shares reached a new 52-week low 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 Down 0.0%

The company’s fifty day moving average is $23.18 and its two-hundred day moving average is $23.31.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IBDU. MTM Investment Management LLC acquired a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the first quarter worth $36,000. Burkett Financial Services LLC bought a new position in iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter worth about $49,000. High Note Wealth LLC bought a new position in iShares iBonds Dec 2029 Term Corporate ETF during the fourth quarter worth about $105,000. GAMMA Investing LLC grew its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 9.4% during the 4th quarter. GAMMA Investing LLC now owns 5,284 shares of the company’s stock worth $124,000 after buying an additional 452 shares during the period. Finally, BOKF NA acquired a new position in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 4th quarter worth about $126,000.

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.