iShares iBonds Dec 2029 Term Corporate ETF (NYSEARCA:IBDU – Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $22.92 and last traded at $22.94, with a volume of 24503 shares changing hands. The stock had previously closed at $23.05.
iShares iBonds Dec 2029 Term Corporate ETF Trading Down 0.5%
The company has a fifty day moving average of $23.07 and a two-hundred day moving average of $23.19.
Institutional Investors Weigh In On iShares iBonds Dec 2029 Term Corporate ETF
Several hedge funds and other institutional investors have recently made changes to their positions in IBDU. American Trust lifted its holdings in shares of 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 last quarter. Farmers National Bank grew its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 1.5% during the 1st quarter. Farmers National Bank now owns 44,709 shares of the company’s stock valued at $1,040,000 after purchasing an additional 641 shares during the last quarter. MTM Investment Management LLC bought a new position in iShares iBonds Dec 2029 Term Corporate ETF during the 1st quarter valued at about $36,000. 10Elms LLP grew its holdings in iShares iBonds Dec 2029 Term Corporate ETF by 5.3% during the 4th quarter. 10Elms LLP now owns 34,070 shares of the company’s stock valued at $797,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Ballast Advisors LLC purchased a new stake in iShares iBonds Dec 2029 Term Corporate ETF in the 1st quarter worth about $40,000.
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.
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