Janney Montgomery Scott LLC Decreases Stock Holdings in iShares iBonds Dec 2029 Term Corporate ETF $IBDU

Janney Montgomery Scott LLC lowered its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) by 36.1% during the first quarter, Holdings Channel reports. The institutional investor owned 183,465 shares of the company’s stock after selling 103,609 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares iBonds Dec 2029 Term Corporate ETF were worth $4,267,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. ADG Wealth Management Group LLC acquired a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 1st quarter valued at approximately $591,000. Roble Belko & Company Inc increased its stake in iShares iBonds Dec 2029 Term Corporate ETF by 174.7% in the 1st quarter. Roble Belko & Company Inc now owns 119,309 shares of the company’s stock valued at $2,775,000 after purchasing an additional 75,870 shares in the last quarter. Montecito Bank & Trust increased its stake in iShares iBonds Dec 2029 Term Corporate ETF by 19.1% in the 1st quarter. Montecito Bank & Trust now owns 47,169 shares of the company’s stock valued at $1,097,000 after purchasing an additional 7,549 shares in the last quarter. Farmers National Bank raised its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 2.0% during the fourth quarter. Farmers National Bank now owns 44,068 shares of the company’s stock worth $1,031,000 after purchasing an additional 852 shares during the last quarter. Finally, American Trust raised its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 2.5% during the fourth quarter. American Trust now owns 23,448 shares of the company’s stock worth $549,000 after purchasing an additional 583 shares during the last quarter.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

IBDU opened at $23.11 on Monday. iShares iBonds Dec 2029 Term Corporate ETF has a one year low of $23.00 and a one year high of $23.65. The business’s fifty day moving average is $23.15 and its two-hundred day moving average is $23.29.

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.