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

iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) shares hit a new 52-week low on Thursday . The stock traded as low as $22.98 and last traded at $22.99, with a volume of 8941 shares. The stock had previously closed at $23.05.

iShares iBonds Dec 2029 Term Corporate ETF Trading Down 0.2%

The stock has a fifty day moving average of $23.11 and a 200-day moving average of $23.26.

Institutional Trading of iShares iBonds Dec 2029 Term Corporate ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. RVW Wealth LLC raised its stake in shares of iShares iBonds Dec 2029 Term Corporate ETF by 5.4% during 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 during the last quarter. Captrust Financial Advisors lifted its holdings in shares of iShares iBonds Dec 2029 Term Corporate ETF by 15.4% during the fourth quarter. Captrust Financial Advisors now owns 590,443 shares of the company’s stock worth $13,819,000 after purchasing an additional 78,809 shares during the period. Lyell Wealth Management LP grew its position in iShares iBonds Dec 2029 Term Corporate ETF by 21.7% in the 4th quarter. Lyell Wealth Management LP now owns 486,066 shares of the company’s stock valued at $11,376,000 after buying an additional 86,833 shares during the last quarter. Rebalance LLC grew its position in iShares iBonds Dec 2029 Term Corporate ETF by 1.6% in the 4th quarter. Rebalance LLC now owns 435,397 shares of the company’s stock valued at $10,190,000 after buying an additional 6,662 shares during the last quarter. Finally, Spinnaker Trust increased its stake in iShares iBonds Dec 2029 Term Corporate ETF by 34.8% in the 1st quarter. Spinnaker Trust now owns 410,790 shares of the company’s stock valued at $9,555,000 after buying an additional 106,073 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.