iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Hits New 12-Month Low – Here’s Why

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

iShares iBonds Dec 2029 Term Corporate ETF Trading Up 0.1%

The company has a 50-day moving average price of $23.00 and a 200-day moving average price of $23.12.

Institutional Trading of iShares iBonds Dec 2029 Term Corporate ETF

Several hedge funds have recently added to or reduced their stakes in IBDU. RVW Wealth LLC grew its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 5.4% in the second quarter. RVW Wealth LLC now owns 1,210,684 shares of the company’s stock worth $28,039,000 after purchasing an additional 61,905 shares in the last quarter. Lyell Wealth Management LP increased its holdings in shares of 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 valued at $11,376,000 after purchasing an additional 86,833 shares during the period. Spinnaker Trust raised its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 34.8% during the first quarter. Spinnaker Trust now owns 410,790 shares of the company’s stock valued at $9,555,000 after purchasing an additional 106,073 shares in the last quarter. Peloton Wealth Strategists raised its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 9.8% during the fourth quarter. Peloton Wealth Strategists now owns 375,595 shares of the company’s stock valued at $8,791,000 after purchasing an additional 33,445 shares in the last quarter. Finally, Praetorian Wealth Management Inc. lifted its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 2.7% in the second quarter. Praetorian Wealth Management Inc. now owns 297,915 shares of the company’s stock worth $6,900,000 after purchasing an additional 7,902 shares during the period.

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.