iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Hits New 1-Year Low – Time to Sell?

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) reached a new 52-week low during trading on Monday . The stock traded as low as $23.00 and last traded at $23.02, with a volume of 367293 shares. The stock had previously closed at $23.06.

iShares iBonds Dec 2029 Term Corporate ETF Trading Down 0.2%

The firm’s 50-day moving average price is $23.13 and its two-hundred day moving average price is $23.28.

Institutional Trading of iShares iBonds Dec 2029 Term Corporate ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Ledyard National Bank grew its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 2.8% in the fourth quarter. Ledyard National Bank now owns 16,270 shares of the company’s stock valued at $381,000 after buying an additional 450 shares in the last quarter. GAMMA Investing LLC boosted its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 9.4% in the 4th quarter. GAMMA Investing LLC now owns 5,284 shares of the company’s stock worth $124,000 after acquiring an additional 452 shares during the period. American Trust boosted its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 2.5% in the 4th quarter. American Trust now owns 23,448 shares of the company’s stock worth $549,000 after acquiring an additional 583 shares during the period. Farmers National Bank grew its position in iShares iBonds Dec 2029 Term Corporate ETF by 1.5% in the first quarter. Farmers National Bank now owns 44,709 shares of the company’s stock valued at $1,040,000 after acquiring an additional 641 shares in the last quarter. Finally, MTM Investment Management LLC purchased a new stake in shares of iShares iBonds Dec 2029 Term Corporate ETF during the first quarter valued at approximately $36,000.

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.