iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) Shares Up 0.3% – Here’s Why

Shares of iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU) rose 0.3% on Tuesday . The company traded as high as $22.94 and last traded at $22.90. Approximately 258,993 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 471,241 shares. The stock had previously closed at $22.84.

iShares iBonds Dec 2029 Term Corporate ETF Trading Up 0.3 %

The stock’s fifty day moving average price is $22.98 and its 200-day moving average price is $22.98.

Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Corporate ETF

A number of large investors have recently made changes to their positions in the stock. RVW Wealth LLC raised its stake in iShares iBonds Dec 2029 Term Corporate ETF by 1,091.5% during the fourth quarter. RVW Wealth LLC now owns 811,880 shares of the company’s stock worth $18,511,000 after purchasing an additional 743,743 shares during the period. Captrust Financial Advisors raised its position in shares of iShares iBonds Dec 2029 Term Corporate ETF by 618.9% during the 4th quarter. Captrust Financial Advisors now owns 355,527 shares of the company’s stock valued at $8,106,000 after buying an additional 306,076 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 16,778.2% in the third quarter. JPMorgan Chase & Co. now owns 242,371 shares of the company’s stock valued at $5,698,000 after acquiring an additional 240,935 shares during the last quarter. Rebalance LLC acquired a new position in iShares iBonds Dec 2029 Term Corporate ETF in the fourth quarter valued at approximately $3,451,000. Finally, Lbmc Investment Advisors LLC purchased a new position in iShares iBonds Dec 2029 Term Corporate ETF in the first quarter worth approximately $3,297,000.

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.