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

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) hit a new 52-week low on Monday . The stock traded as low as $22.80 and last traded at $22.7850, with a volume of 6900 shares. The stock had previously closed at $22.81.

iShares iBonds Dec 2029 Term Corporate ETF Stock Performance

The stock has a 50 day simple moving average of $23.03 and a 200-day simple moving average of $23.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. MTM Investment Management LLC bought a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the 1st quarter valued at $36,000. Ballast Advisors LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF in the 1st quarter worth $40,000. High Note Wealth LLC bought a new position in iShares iBonds Dec 2029 Term Corporate ETF in the 4th quarter worth $105,000. Bogart Wealth LLC raised its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 48.6% in the 1st 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 period. Finally, Flow Traders U.S. LLC purchased a new position in iShares iBonds Dec 2029 Term Corporate ETF during the third quarter valued at $207,000.

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.